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Barclays reduces stake in B&M European Value Retail below threshold

Published 03/07/2025, 09:02
Barclays reduces stake in B&M European Value Retail below threshold
BARC
0.37%
BMEB
-0.97%

LONDON - Barclays PLC (LON:BARC) has reduced its stake in B&M European Value Retail S.A. to below the minimum notification threshold, according to a regulatory filing released Thursday.

The British banking group previously held a 5.38% stake in the Luxembourg-based discount retailer, comprising 2.7% in voting rights attached to shares and 2.68% through financial instruments.

The transaction occurred on June 27, with B&M European Value Retail being notified on July 1, according to the TR-1 standard form for notification of major holdings.

The filing indicates that Barclays’ position fell below the reporting threshold across all categories, including direct voting rights and financial instruments. The bank’s holdings are managed through several controlled undertakings, including Barclays Bank PLC, Barclays Capital Securities Limited, and Barclays Capital Luxembourg S.À R.L.

B&M European Value Retail, which operates discount stores across the United Kingdom (TADAWUL:4280) and France, trades on the London Stock Exchange (LON:LSEG). The company has the ISIN code LU1072616219.

The regulatory filing notes that Barclays applied the trading book exemption to this transaction. This exemption typically applies to financial institutions’ holdings that are part of their trading activities rather than strategic investments.

This information was disclosed through a regulatory news service filing with the London Stock Exchange.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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