THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Retail HR North 2025
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Arora family reduce B&M stake after £234m shares sell off completes

SSA Investments, the investment vehicle of the Arora family has completed the sale of a £234m stake in value retailer B&M. SSA Investments has disposed of 40 million shares in… View Article

GENERAL MERCHANDISE NEWS

Arora family reduce B&M stake after £234m shares sell off completes

SSA Investments, the investment vehicle of the Arora family has completed the sale of a £234m stake in value retailer B&M.

SSA Investments has disposed of 40 million shares in the company, bringing its holdings down from almost 11% to just under 7%.

The seller, which is controlled by Simon and Bobby Arora, B&M’s CEO and trading director respectively, first announced the move last week.

Before the sale, SSA Investments had owned directly and indirectly 109.9 million ordinary shares in B&M.

It was confirmed last week that B&M would not receive any proceeds from the placing.

Some of B&M’s largest institutional investors include Capital Research & Management Co, Wellington Management Co and Fidelity Management & Research Co.

Subscribe For Retail News