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Canal+ targets €400m+ run-rate synergies from MultiChoice deal
['Broadband Tv News Correspondent']
Broadband TV News
Canal+ says it expects to deliver more than €400m in EBITA and more than €300m in free cash flow (FCF) run-rate cost synergies from 2030 onwards following its acquisition of MultiChoice.
Canal+ CEO Maxime Saada said the increased scale would unlock “substantial synergies” across the cost base, while also strengthening the group’s ability to capture growth in African markets.
Synergy delivery is expected to ramp over the second half of the decade, measured against an estimated combined 2025 cost baseline of around €8bn.
CANAL+ also confirmed a combined Africa management team is now in charge of all African markets under David Mignot.
Further detail on the strategy for MCG markets is due alongside CANAL+’s full-year results and a forthcoming strategic update.