EU and US could reach trade deal this weekend - Reuters
LOS ANGELES - The Capital Group Companies, Inc. has reported a decrease in its shareholding of B&M European Value Retail S.A., a non-UK issuer with the ISIN code LU1072616219. The transaction, which crossed the threshold on April 1, 2025, was disclosed to the issuer on April 3, 2025.
According to the notification of major holdings, the Capital Group now holds 9.786876% of B&M's voting rights, which equates to a total of 98,242,802 voting rights across common stock and depository receipts. This marks a reduction from their previous notification, where they held 10.038206% of the voting rights.
The Capital Group Companies, Inc. operates through various entities including Capital Research and Management Company (CRMC), which is responsible for the management of the American Funds family among other investment vehicles. CRMC, in turn, is the parent company to a number of investment management companies, which include Capital International, Inc., Capital International Sàrl, and others that serve institutional and high-net-worth clients.
The shares in question are not held by The Capital Group Companies, Inc. or its affiliates for their own account, but rather on behalf of accounts under their discretionary investment management. This clarification comes after a revision of the total voting rights (TVR) provided by B&M European Value Retail S.A., which now stands at 1,003,821,871.
The adjustment in shareholding is a routine disclosure that follows regulatory requirements for entities holding significant stakes in publicly traded companies. Such changes are monitored by investors and market analysts as they may reflect the investment firm's view on the stock's value or potential.
The information regarding this change in ownership is based on a press release statement and is provided by RNS, the news service of the London Stock Exchange (LON:LSEG).
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.