News

B&M owners net £460m from shares sale

Published on: June 5th, 2017

Arora brothers are selling a 5% stake in the business.

B&M-480The billionaire owners of B&M are selling more than £460m of shares in the chain. Brothers Simon, 47, and Bobby Arora, 45, who own about 21% of the business, are selling a 5% stake.

Private equity firm Clayton Dubilier & Rice, which owns 11.4%, is also selling a chunk of its holding.

After the sale, CD&R will hold about 4.9%, while SSA Investments – the Arora family investment vehicle – will keep 15%.

It is not known how the brothers will utilise their windfall, but the company said that it was to diversify their investment portfolio.

 

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