French Media Giant Canal+ Lists on Johannesburg Stock Exchange Following MultiChoice Deal

French global media giant CANAL+ Group+ made its debut on the Johannesburg Stock Exchange (JSE) Main Board today June 3rd, 2026 becoming the first French company to list in South Africa. 

JSE granted approval for a secondary listing, by way of introduction using the fast-track process, of all Canal+’s issued ordinary shares — 991,959,494 shares with a nominal value of €0.25 each. The shares trade under the abbreviated name “CANALPLUS”, share code “CNP” and ISIN FR001400T0D6, with effect from the commencement of trade on Wednesday, 3 June 2026. The secondary listing was completed while maintaining its primary listing on the London Stock Exchange. Shares opened strongly at around R58.50, above the reference price, giving the company a rand-denominated market value of approximately R57.7 billion. It is expected to enter the FTSE/JSE Top 40 Index.

The listing according to Canal+’s, strenghtens its dual-continental strategy, giving South African and African investors direct rand exposure to a major international media and entertainment group with a substantial African presence. Canal+ operates in over 70 countries, serves more than 40 million subscribers globally, and generates around €9 billion in annual revenue. In Africa, it has 23 million subscribers across more than 40 countries.

The move follows Canal+’s acquisition of MultiChoice in 2025. MultiChoice was officially delisted from the Johannesburg Stock Exchange on December 10, 2025. The JSE listing now provides local investors with access to the enlarged group’s expanded African growth platform, supported by rising connectivity, a young population, and strong projected economic expansion in sub-Saharan Africa.

For the JSE, it says the listing adds significant sectoral diversity as the only global media and entertainment company on the exchange and highlights the bourse’s growing appeal to international issuers. The JSE now has 263 listed companies with a combined market capitalisation exceeding R25.2 trillion.

Joint financial advisors and transaction sponsors were BofA Securities and The Standard Bank of South Africa Limited. Legal advisor was Bowmans (Law Firm), with Computershare Investor Services acting as transfer secretaries.