THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
People in Retail Awards 2023
Retail Marketplace Strategy 2023
Omnichannel Futures 2023
Retail HR Central
Digital Transformation Strategy 2023
Customer Engagement Strategy 2023
Retail HR 2023
THE Retail Conference 2023
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

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.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News