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.
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.
Continue Reading Below
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 email@example.com
(END) Dow Jones Newswires
January 15, 2018 03:27 ET (08:27 GMT)