{"id":98448,"date":"2025-10-14T05:06:00","date_gmt":"2025-10-14T05:06:00","guid":{"rendered":"https:\/\/sotnews.agency\/?p=98448"},"modified":"2025-10-14T05:06:00","modified_gmt":"2025-10-14T05:06:00","slug":"canal-pursues-secondary-listing-in-johannesburg-after-multichoice-deal","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=98448","title":{"rendered":"Canal+ pursues secondary listing in Johannesburg after MultiChoice deal"},"content":{"rendered":"
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French broadcasting group Canal+\u00a0said on Monday it was planning a secondary listing on the Johannesburg Stock Exchange (JSE) after it acquired South African broadcaster MultiChoice.<\/p>\n

Canal+\u00a0closed\u00a0the 35 billion rand ($2 billion) MultiChoice acquisition in September, adding MultiChoice\u2019s extensive African subscriber base to its portfolio, with the combined entity serving more than 40 million subscribers across nearly 70 countries.<\/p>\n

It will begin the listing process in Johannesburg once MultiChoice has been delisted from the JSE. The delisting is expected to be completed before the year-end, a Canal+ spokesperson told Reuters via email.<\/p>\n

Canal+ has committed to a nine-month timeframe that should see the French media group\u2019s shares trading before September 2026, the spokesperson added.<\/p>\n

Dual and secondary listings have gained momentum in recent years, as companies seek to broaden their investor bases and increase valuations amid global competition. <\/p>\n

The London Stock Exchange, where Canal+ will keep its primary listing, offers a \u201cSecondary Listing\u201d category with light-touch regulation, designed for overseas companies or UK firms adding a foreign listing.<\/p>\n

A secondary listing will preserve South African investor access and market liquidity, Canal+ said in a statement.<\/p>\n

Canal+, which was spun-off from Vivendi\u00a0(VIV.PA), and listed in London in December 2024, is\u00a0aiming\u00a0to become a global content platform with Asia and Africa as priority markets.<\/p>\n

The group said the integration of MultiChoice had started and that it would tell the market its detailed plans in the first quarter of 2026.<\/p>\n<\/div>\n

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