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U.K. Brothers Tap Goldman for $321 Million B&M Stake Sale.

Authors :
Stupples, Ben
Capel, Charles
Source :
Bloomberg.com; 1/14/2022, pN.PAG-N.PAG, 1p
Publication Year :
2022

Abstract

(Bloomberg) -- Simon and Bobby Arora are offloading another major chunk of shares in their biggest listed asset through Goldman Sachs Group Inc. SSA Investments, the Arora family's Luxembourg-based investment firm, is selling 40 million shares in B&M European Value Retail SA to institutional investors through an accelerated book building, Goldman Sachs said Thursday in a filing. The British siblings, who have previously sold B&M shares valued at more than $500 million, will own a stake worth about $570 million following the sale, according to data compiled by Bloomberg. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
154653996