SSA Investments has announced the sale of approximately 27.8 million ordinary shares in B&M European Value Retail, representing around 2.8% of the company's issued ordinary share capital. The shares were sold at a price of 582.5 pence per share, raising gross sale proceeds of £162.1 million. Following the sale, SSA Investments will continue to hold approximately 3.4% of B&M's ordinary shares. The settlement of the placing is expected to take place on December 15, 2023. Goldman Sachs International acted as the sole global coordinator for the placing, while Rothschild & Co served as the sole financial adviser to SSA Investments. SSA Investments has agreed not to dispose of any further B&M shares for a period of 180 days following the completion of the placing.