Canal+ has completed a secondary listing on the Johannesburg Stock Exchange and becomes the first French company to list on the JSE.
The group said the listing reinforces its dual European and African strategy and gives South African investors rand-value exposure to a global media and entertainment company with a substantial African presence.
Canal+ listed on the London Stock Exchange in December 2024 and has used the JSE's fast-track framework to complete the secondary listing while maintaining London as its primary market.
The company operates in more than 70 countries and has approximately 15,000 employees. It serves more than 40 million customers and generates annual revenues of €9 billion.
In Europe, Canal+ has more than 18 million subscribers in 12 countries. In Africa, where it has operated for more than 30 years, it has 23 million subscribers in more than 40 countries and provides content in more than 50 languages.
Canal+ CEO Maxime Saada said the Johannesburg listing was “a statement of our ambition” and reflects the group's confidence in the future of Africa and its creative industries.
He said Africa will be Canal+'s “growth engine for years to come” as the group deepens its roots and expands its investor base.
JSE Group CEO Walden Reddy said the listing reflects the growing connection between African and global markets and strengthens the exchange's role as a platform for international companies taking risks for African development.
The JSE said the listing brings the number of companies on the exchange to 263, with a combined market capitalization of more than R25.2 trillion.