CANAL+ begins trading in London

Investing.com -- CANAL+ SA on Monday said that its ordinary shares have been admitted to the Official List of the Financial Conduct Authority (FCA) and are now trading on the main market of the London Stock Exchange (LON:LSEG ). This listing involves 991,959,494 ordinary shares.

The move marks a milestone for CANAL+, which has grown from its origins as a French subscription-TV channel to a global media powerhouse with operations in 52 countries and a presence in 195. 

The company reported 26.8 million subscribers and over 400 million monthly active users across its streaming platforms, including Dailymotion, as of December 2023.

With diversified business activities spanning subscription-TV, content production via its Studiocanal studio, and telecommunications services, CANAL+ is known as one of Europe's leading media companies. 

The listing is unrelated to any share offering and follows the company’s separation from Vivendi (OTC:VIVHY ) SE. Barclays (LON:BARC ) and BNP Paribas (OTC:BNPQY ) served as joint sponsors for the listing, supported by a consortium of financial and legal advisers.

Source: Investing.com