Billionaire Arora brothers cut B&M stake with £218m sale

The billionaire Arora brothers have sold £218m ($298m) of shares in B&M European Value Retail, the UK budget retail chain, through an auctioned block trade.
SSA Investments, the family investment vehicle, offloaded 40m shares, a 4% stake in B&M. At the placing price of 545p a share, investors received a 0.9% discount to the close on Monday evening.
Bank of America Securities won the trade in an auction process involving at least ...Already a subscriber? Login