MultiChoice to Delist from JSE and A2X as Canal+ Crosses 90% Ownership Threshold

MultiChoice Group is officially set to delist from the Johannesburg Stock Exchange (JSE) and A2X Markets following Canal+’s successful acquisition of more than 90% of its issued shares. This development triggers a mandatory buyout of the remaining shareholders, in accordance with South African takeover regulations.

Trading in MultiChoice shares ends on 6 December 2025. The company will formally exit the public market on 11 December 2025, concluding its six-year run as a listed entity since its 2019 debut.

Canal+ Expands African Footprint

The French media conglomerate launched its acquisition campaign earlier this year, steadily increasing its stake through targeted offers and open market purchases. Canal+ views MultiChoice as a strategic anchor for its African expansion, aligning with its broader ambition to strengthen its presence across the continent.

Implications for Shareholders

For investors, the delisting means Shareholders who have not yet accepted Canal+’s offer will be automatically bought out at the prevailing offer price, as stipulated by the mandatory acquisition process. This means that retail and institutional investors will no longer hold equity in MultiChoice, and the company will become a wholly owned subsidiary of Canal+.

Market Outlook and Industry Impact

Market analysts suggest that the consolidation could lead to operational efficiencies and deeper investment in African content, although some stakeholders have expressed concern over reduced transparency and public accountability following the delisting.

MultiChoice has assured stakeholders that the transition will be managed in accordance with regulatory standards and that its commitment to African audiences remains unchanged. Canal+, meanwhile, has reiterated its long-term vision of building a pan-African media powerhouse, with MultiChoice at the helm of its regional strategy.

Read More About Multichoice here