{"id":18308,"date":"2025-12-22T21:13:31","date_gmt":"2025-12-22T19:13:31","guid":{"rendered":"https:\/\/wedodis.co.za\/news\/?p=18308"},"modified":"2025-12-23T09:33:10","modified_gmt":"2025-12-23T07:33:10","slug":"multichoice-bids-farewell-to-the-jse","status":"publish","type":"post","link":"https:\/\/wedodis.co.za\/news\/multichoice-bids-farewell-to-the-jse\/","title":{"rendered":"MultiChoice Bids Farewell to the JSE"},"content":{"rendered":"
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The French media powerhouse Canal+<\/strong> has successfully obtained 94.4% of MultiChoice Group (MCG)<\/strong> shares after the conclusion of its offer on Friday, 10 October<\/strong>. This development sets the stage for the delisting<\/strong> of the South African broadcasting company from the Johannesburg Stock Exchange (JSE)<\/strong>.<\/p>\n

This transaction aligns with the agreement that has been approved by shareholders owning over 90% of the offer shares, marking MultiChoice as a fully owned subsidiary ofCanal+<\/a><\/strong><\/strong>.<\/p>\n

Next steps<\/strong><\/h2>\n

The organization is now set to initiate a mandatory buyout of outstanding shares<\/strong>, as permitted under South African takeover laws.<\/p>\n

In the subsequent actions, Canal+ will seek to achieve MultiChoice\u2019s delisting from the JSE<\/strong>, with an official notice of suspension anticipated shortly.<\/p>\n

However, this development does not signify the conclusion of Canal+\u2019s presence in the South African markets.<\/p>\n

“A secondary inward listing will preserve South African investor access and market liquidity, allowing local investors to hold shares in a leading global media and entertainment company on the JSE,” the group stated.<\/p>\n

Canal+, which has a listing in London, indicated that its forthcoming listing on the JSE will follow an expedited process, pending necessary regulatory approvals.<\/p>\n

This strategy is part of the commitments made with competition regulators, ensuring continued participation in the local market and access to investments.<\/p>\n

Largest Acquisition in Canal+ History<\/strong><\/h3>\n

Canal+ CEO Maxime Saada<\/strong> portrayed the acquisition of MultiChoice as the largest transaction<\/a> in the company’s history and highlighted the organization’s long-term dedication to South Africa and the wider African region.<\/p>\n

“It\u2019s important that South African investors have continued access to Canal+, given the significant role we will play in Africa\u2019s media and creative economy,” remarked Saada.<\/p>\n

The merged company now boasts more than 40 million subscribers<\/strong> across almost 70 nations<\/strong> in Africa, Europe, and Asia<\/strong>, supported by a workforce of roughly 17,000 employees<\/strong>.<\/p>\n

Integration efforts between MultiChoice and Canal+ have already commenced, with the firm expected to utilize MultiChoice’s robust local presence and production strengths, especially in sports and local content, to enhance its global portfolio.<\/p>\n<\/div>\n