The MultiChoice Group released a pre-list statement


MultiChoice Group Limited has released a pre-listing statement in accordance with the JSX listing requirements.

The new company will include companies such as South Africa's MultiChoice, African MultiChoice, and Showmax, and is expected to start trading on February 27.

Last year, Naspers announced that it will register its video service as a separate business on the JSX.

"Registering MultiChoice Group through unbundling aims to open value to Naspers shareholders and at the same time create 40 African entertainment companies registered on empowered JSEs," said Naspers CEO Bob van Dijk.

"With strong financial, unregulated balance sheet flexibility and in-depth local knowledge, we hope to provide excellent returns to shareholders from time to time," said Calvo Mawela Group CEO.

The Naspers video entertainment platform served 13.5 million households across Africa, and generated a trade profit of R6.1 billion in the previous financial year.

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