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

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By Aidan Gregory
12 Jan 2021

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 ...

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