Canal+ SA rose in its debut on the Johannesburg Stock Exchange, with the secondary listing of the French media giant marking the completion of its multibillion-dollar acquisition of African pay-TV giant MultiChoice.
Canal+ SA raised €700 million ($811 million) with its debut euro bond after attracting strong demand, marking the French media group’s first foray into public debt capital markets.
Canal+ offices in Issy les Moulineaux, France. Photographer: MAGALI COHEN/AFP