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DUBLIN - FMR LLC has increased its stake in B&M European Value Retail S.A. to 5.93% of voting rights, according to a regulatory filing released Thursday.
The Boston-based investment firm crossed the notification threshold on June 30, with the Luxembourg-based discount retailer being informed on July 1, according to the major holdings disclosure.
FMR LLC now holds 5.73% of voting rights attached to shares, representing 57,484,763 indirect voting rights. An additional 0.20% stake is held through financial instruments in the form of a stock loan agreement covering 2,000,000 voting rights.
The filing shows the company’s previous position stood at 5.92%, comprised of 4.87% in voting rights attached to shares and 1.05% through financial instruments, indicating a shift in how the stake is structured while maintaining a similar overall position.
The disclosure identifies that part of the holding, representing 3.30% of voting rights, is controlled through Fidelity Management & Research Company LLC, a subsidiary of FMR LLC.
B&M European Value Retail S.A., which trades on the London Stock Exchange (LON:LSEG), operates a chain of discount stores primarily in the United Kingdom (TADAWUL:4280) and France.
The information was provided through a TR-1 standard form for notification of major holdings, a regulatory requirement for significant shareholders in publicly traded companies.
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