Canal+ takeover: MultiChoice to delist from Johannesburg Inventory Change December 10  

MultiChoice Group is about to delist from the Johannesburg Inventory Change (JSE) on December 10 2025, after Canal+ secured management of greater than 90% of its shares, successfully finishing its takeover of the African pay-TV large.

The Group, in a discover to shareholders on Friday, introduced that buying and selling of its shares on each the JSE and A2X shall be suspended from Monday, October 27, 2025.

The official delisting date of December 10 is pending regulatory approvals from the JSE, A2X, and the Monetary Surveillance Division of the South African Reserve Bank.

Obligatory 100% shareholding 

Canal+, a French media conglomerate and subsidiary of Vivendi, crossed the 90% shareholding threshold, enabling it to invoke Part 124(1) of South Africa’s Corporations Act.

• This authorized provision permits Canal+ to compulsorily purchase all remaining MultiChoice shares from shareholders who didn’t settle for its supply.
• Based on the discover, Canal+ will purchase the remaining shares on the identical phrases and supply value introduced throughout the takeover bid.

“The Remaining MultiChoice Shareholders are reminded of their rights to use to a court docket of competent jurisdiction inside 30 enterprise days after receiving the Discover when it comes to part 124(2) of the Corporations Act (“Part 124(2) Rights”).” The discover learn.  

If no authorized challenges are raised, Canal+ will full the obligatory acquisition six weeks after the discover date, finalizing MultiChoice’s transition into an entirely owned subsidiary of the French media group.

The delisting will mark the top of MultiChoice’s 6-year presence on the JSE, the place it was listed in 2019 following its spin-off from Naspers.

Extra insights 

Earlier this month, Canal+ confirmed plans to pursue a secondary inward itemizing on the Johannesburg Inventory Change (JSE) following its full acquisition of MultiChoice Group Ltd.

• Based on the corporate, the transfer is a part of its broader technique to deepen its footprint throughout Africa whereas integrating MultiChoice’s in depth subscriber base and native market experience into its international operations.
• The corporate famous that the method would start with the delisting of MultiChoice from the JSE, after which Canal+ will proceed with a secondary inward itemizing by introduction.
• This may permit South African traders to carry shares instantly within the enlarged Canal+ Group, which now operates one of many largest pay-TV and streaming portfolios on this planet, Bloomberg first reported.

In September, MultiChoice Group had introduced a sweeping board change and a shift in its monetary year-end, following the finalisation of the $3 billion acquisition by French media large Canal+.

The restructuring got here after Canal+ secured efficient management of the African pay-TV operator, marking the biggest transaction in its historical past and creating one of many world’s largest media and leisure corporations.