Logos of French TV channel Canal+ are reflected in a puddle in front of the Canal One headquarters of the Canal+ Group in Issy-Les-Moulineaux near Paris, France, February 20, 2025. REUTERS
LONDON, April 28 (Reuters) – Pay-TV group Canal+ said on Tuesday it would become the first French company to list in South Africa when it joins the Johannesburg stock exchange on June 3, fulfilling a commitment made when it bought the country’s MultiChoice Group last year.
Canal+, which has a primary listing in London, said it made a “solid start” to 2026, with broadly flat revenue, and it reiterated its guidance for the year.
Shares in Canal+, which fell 17% last month when it revealed the challenge it faces in reviving MultiChoice, rose 7.5% in early deals.
Chief Executive Maxime Saada said the first steps in the MultiChoice turnaround had launched, including strengthening its commercial operation and recruiting new sales teams.
Total group revenue fell 0.4% in the first quarter on a restated basis to take into account the contribution from MultiChoice, the company said.
Reporting by Paul Sandle; Editing by Kirsten Donovan
