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CD&R and SSA reduce stake in B&M

02 June 2017 09:05

CD&R and SSA Investments have sold 125,000,000 ordinary shares in B&M European Value Retail SA - approximately 12.5% of B&M's issued ordinary share capital - at 363.4p raising gross sale proceeds of £454.3m.

A statement said that following settlement of the placing, which was expected to take place on 6 June, CD&R and SSA Investments would continue to hold approximately 4.9% and 15.0% respectively of B&M's ordinary shares.

At 9:05am: (LON:BME) BM European Value Retail share price was -10.75p at 359.65p

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