French media and Entertainment group Canal+ has formally confirmed that it will conduct a secondary listing on the main board of the JSE on Wednesday, 3 June 2026, becoming the first French company to list on the Johannesburg exchange.
The pre-listing announcement, published on Tuesday, sets out the terms of the fast-track secondary inward listing of all 992 million of the group's ordinary shares. Canal+ will trade in the Media sector and Radio and TV Broadcasters sub-sector under the share code CNP.
Canal+ will maintain its primary listing on the London Stock Exchange, where it has traded from 16 December 2024. Shares on the JSE will be fully redeemable with shares in London, with settlement via a direct cross-border link between the Straits and Euroclear which enables same-day movement of holdings.
The Financial Surveillance Department of the South African Reserve Bank has approved the listing and classified it as “domestic” – a key designation that allows South African resident shareholders to hold and trade Canal+ shares on the JSE register without affecting their foreign investment allowance.
The listing fulfills a voluntary commitment Canal+ made to the South African competition authorities as part of the acquisition of MultiChoice Group, which was completed on 5 December 2025 and resulted in MultiChoice being delisted from the JSE five days later.
Canal+ undertook to proceed with a secondary inbound listing within nine months of MultiChoice's delisting, a commitment which was later accepted by the Competition Tribunal as part of its merger approval.
beyond compliance
The company said the listing went “beyond regulatory compliance” and reflects its intention to “maintain a meaningful presence on the South African capital markets”.
Reading: A 12-year-old competition case comes to the desk of Canal+
The pre-listing announcement reiterates the synergy targets set by the group in January canal+ It is now expected to deliver over €400 million in adjusted EBIT (earnings before interest and tax) and over €300 million in free cash flow run-rate cost synergy by 2030. – © 2026 NewsCentral Media
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