France’s Canal+ to List in South Africa in $3 Billion Deal
Canal+, the French entertainment company, is planning a secondary inward listing on the South African stock exchange as part of its acquisition of MultiChoice Group Ltd. The deal, valued at around $3 billion, will give Canal+ majority control over MultiChoice, a leading pay-TV operator in Africa. The move is seen as a strategic decision by Canal+ to expand its footprint in the African market, which has been identified as a key growth area for the company. MultiChoice's established presence and customer base in the region are expected to complement Canal+'s content and distribution capabilities. The listing on the Johannesburg Stock Exchange (JSE) will provide Canal+ with access to a larger pool of investors and enable it to tap into the growing demand for pay-TV services in Africa. The deal is subject to regulatory approvals and is expected to be finalized in the coming months.
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