Canal+ Reveals Date It Will List On Johannesburg Stock Exchange As French Giant Actions MultiChoice “Turnaround Plan”
Canal+ will list on its second global stock exchange in just a few weeks’ time.
Unveiling its Q1 results today alongside a trading update, the French juggernaut, which just bought African giant MultiChoice, revealed it will list on the Johannesburg Stock Exchange (JSE) in South Africa on June 3, becoming the first French company to do so and “marking an important milestone,” according to CEO Maxime Saada.
The listing “will provide South African investors with the opportunity to invest in a global media and entertainment company,” Canal+ said today, adding that it will “enhance the long-term liquidity and tradability of Canal+ shares” and “fulfil the commitment made to South African Competition Authorities.”
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