Capital Group ups stake in B&M European Retail

LOS ANGELES - The Capital Group Companies, Inc. (CGC), a global investment management firm based in Los Angeles, has increased its holdings in B&M European Value Retail S.A., crossing a significant threshold in share ownership. As of Monday, May 15, 2025, CGC’s total share of voting rights in the Luxembourg-based retailer reached 10.233343%, up from the previous notification of 9.786876%.

The change in ownership was a result of acquiring shares, according to the notification obligation filed with the London Stock Exchange (LON:LSEG). The shares are held by accounts managed by CGC’s investment management companies, including Capital Research and Management Company (CRMC), which directly holds a 9.778181% voting interest.

CRMC is part of the American Funds family and manages equity assets across a range of investment vehicles for both individual and institutional clients. The firm is known for its divisional management structure, which includes Capital Research Global Investors, Capital International Investors, and Capital World Investors.

The notification, completed on May 16, 2025, clarifies that neither CGC nor its affiliates directly own shares for their own account. Instead, the reported shares are owned by clients under the discretionary management of CGC’s investment management entities. This distinction is important for understanding the nature of CGC’s interest in B&M European Value Retail S.A.

B&M European Value Retail S.A. is a non-UK issuer with its common stock and depository receipts listed under the ISIN codes LU1072616219 and US05590Y1001, respectively. The latest movement in share ownership is a result of transactions involving these listed securities.

The investment by CGC reflects a strategic positioning within the retail sector, though the press release statement does not elaborate on the specific intentions behind the increased stake. The information provided is based on a press release statement and adheres to the guidelines for reporting significant holdings as stipulated by financial authorities.

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