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LONDON - Barclays PLC (LON:BARC) has acquired a 5.38% stake in B&M European Value Retail S.A., according to a regulatory filing disclosed on Thursday.
The British banking group crossed the reporting threshold on June 24, with the Luxembourg-based discount retailer being notified two days later on June 26.
The stake consists of 2.7% in direct voting rights attached to shares, representing approximately 27 million shares, and an additional 2.68% through various financial instruments.
These financial instruments include rights to recall 12.3 million shares (1.23%), cash-settled contracts for difference, equity swaps extending to June 2027, and portfolio swaps running until August 2031.
In total, Barclays now holds influence over 53.8 million voting rights in the retail company. Prior to this acquisition, Barclays had not reported any significant holdings in B&M European Value Retail.
The notification was made in accordance with standard regulatory requirements for major shareholding disclosures. The information was provided through a formal TR-1 filing, which is the standard form for notification of major holdings as required by market regulations.
B&M European Value Retail operates a chain of discount stores across the United Kingdom (TADAWUL:4280) and France. The company is listed on the London Stock Exchange (LON:LSEG) but incorporated in Luxembourg.
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