The Capital Group Companies, Inc. has notified a major shareholding in B&M European Value Retail S.A. The notification, released on 18th January 2024, indicates that The Capital Group Companies, Inc. crossed a threshold on 12th January 2024, resulting in a total of 10.010000% of voting rights attached to shares, totaling 100,368,559 voting rights held in the issuer.
The Capital Group Companies, Inc. holds 9.120000% of voting rights through 91,488,695 common stock shares (ISIN code: LU1072616219) and 0.890000% through 8,879,864 depository receipt shares (ISIN code: US05590Y1001). The notification also includes details of the chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, starting with the ultimate controlling natural person or legal entity.
The Capital Group Companies, Inc. is the parent company of Capital Research and Management Company (CRMC) and Capital Bank & Trust Company (CB&T). CRMC is a U.S.-based investment management company that serves as the investment manager to the American Funds family of mutual funds, other pooled investment vehicles, as well as individual and institutional clients. CRMC and its investment manager affiliates manage equity assets for various investment companies through three divisions, Capital Research Global Investors, Capital International Investors, and Capital World Investors. CRMC is the parent company of Capital Group International, Inc. (CGII), which in turn is the parent company of six investment management companies (CGII management companies): Capital International, Inc., Capital International Limited, Capital International Sàrl, Capital International K.K., Capital Group Private Client Services Inc, and Capital Group Investment Management Private Limited. CGII management companies and CB&T primarily serve as investment managers to institutional and high net worth clients.
The shares reported on this notification are owned by accounts under the discretionary investment management of one or more of the investment management companies described above. Neither The Capital Group Companies, Inc. nor any of its affiliates own shares of the Issuer for its own account.
This notification provides comprehensive details about the major shareholding of The Capital Group Companies, Inc. in B&M European Value Retail S.A., including the percentage of voting rights, the types of shares held, and the chain of controlled undertakings through which the voting rights are effectively held.