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Canal+ ( (GB:CAN) ) has shared an announcement.
CANAL+ has completed the compulsory acquisition of all remaining ordinary shares of MultiChoice Group Limited, leading to the delisting of MultiChoice from the JSE and A2X exchanges. This strategic move consolidates CANAL+’s control over MultiChoice, Africa’s leading entertainment platform, and aligns with its global expansion strategy. The company plans to proceed with a secondary inward listing on the JSE within nine months, adhering to the conditions set by South African competition authorities. This development is expected to strengthen CANAL+’s market position and expand its influence in the African entertainment sector.
The most recent analyst rating on (GB:CAN) stock is a Hold with a £278.00 price target. To see the full list of analyst forecasts on Canal+ stock, see the GB:CAN Stock Forecast page.
Spark’s Take on GB:CAN Stock
According to Spark, TipRanks’ AI Analyst, GB:CAN is a Neutral.
Canal+’s overall score is driven by strong technical indicators and positive corporate events, particularly strategic acquisitions and capital management. However, financial performance is hindered by profitability issues and a negative P/E ratio, impacting the valuation score.
To see Spark’s full report on GB:CAN stock, click here.
More about Canal+
CANAL+ is a global media and entertainment company, originally founded as a French subscription-TV channel. It operates across the entire audio-visual value chain, including production, broadcast, distribution, and aggregation. The company owns STUDIOCANAL, Dailymotion, CANAL+ Distribution, and telecommunication services through GVA and CANAL+ Telecom. It also holds significant equity stakes in Viaplay, Viu, and UGC. CANAL+ has a worldwide presence with 40 million subscribers, operating in over 70 countries with approximately 17,000 employees.
Average Trading Volume: 994,661
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.51B
For an in-depth examination of CAN stock, go to TipRanks’ Overview page.