B&M European Value Retail S.A. has announced that it has reached an agreement with the joint administrators of Wilko Limited (in administration) to acquire up to 51 properties for a maximum aggregate consideration of £13,000,000. The acquisition will be fully funded from B&M's existing cash reserves and is not expected to be conditional on any regulatory clearances. The company will provide an update on the timing of the new store openings in the H1 interim results announcement on 9 November 2023.
B&M European Value Retail S.A. is a variety retailer with 1,150 stores in the UK and France operating under the "B&M" and "Heron" brands. The company was admitted to the FTSE 100 index on 21 September 2020.