CD&R European Value Retail Sells B&M Stake for GBP199.8 Million -GS

By Maryam Cockar Features Dow Jones Newswires

CD&R European Value Retail Investment SA has sold its stake of 49.1 million shares in B&M European Value Retail SA (BME.LN) for 199.8 million pounds ($274.3 million), Goldman Sachs Group Inc. (GS) said Monday.

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Goldman Sachs said the shares, which represent 4.9% of B&M's issued share capital, were sold at a price of 407 pence each.

Following the transaction, CD&R no longer owns any of B&M's shares, Goldman Sachs said.

Goldman Sachs acted as the sole bookrunner for the transaction.

Write to Maryam Cockar at maryam.cockar@dowjones.com

(END) Dow Jones Newswires

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January 15, 2018 03:27 ET (08:27 GMT)