Standard Bank advises CANAL+ on landmark JSE secondary inward listing

Primary listed on the London Stock Exchange (LSE), CANAL+ is a leading global media and entertainment company operating across the audiovisual value chain, with a presence in more than 70 countries and a global subscriber base exceeding 42 million.

We acted alongside international advisors on the transaction, providing deep local market insight and strategic guidance on the South African capital markets landscape. As the leading IPO advisor for JSE listings, we were uniquely positioned to support CANAL+ on its secondary inward listing and broader engagement with the local investor market.

The inward listing on the JSE provides South African investors with direct access to a globally recognised media and entertainment business while reinforcing the JSE’s position as a gateway to African and international capital markets.

CANAL+ will retain its primary listing on the main market of the LSE, with shares traded on the JSE fully fungible with those traded on the LSE. CANAL+ also has senior unsecured notes due 2030 listed on the Luxembourg Stock Exchange, which will not be inward listed on the JSE.

The transaction follows the CANAL+ acquisition of MultiChoice Group in December 2025, significantly expanding the company’s footprint across the continent and strengthening its position within Africa’s evolving media and entertainment sector. The listing reflects the CANAL+ long-term strategic commitment to Africa as a key growth market.

This transaction further demonstrates our ability to advise on complex cross-border transactions that connect global businesses to African growth opportunities.