GIC Private Limited adjusts stake in B&M European Retail

LONDON - GIC Private Limited, the sovereign wealth fund of Singapore, has altered its shareholding in B&M European Value Retail SA (LON:BMEB), a discount retailer based in Luxembourg. According to a notification filed on February 18, 2025, GIC has crossed a significant threshold in its investment in the company.

The notification, which follows the standard TR-1 format for major holdings, indicates that GIC’s total voting rights in B&M European Value Retail now stand at 5.998025% as of February 13, 2025. This change is due to a combination of share acquisition and a shift in the nature of holding resulting from securities lending.

The breakdown of GIC’s holding shows that it has direct voting rights attached to 51,345,819 shares, representing 5.115081% of the company’s total voting rights. Additionally, through financial instruments, specifically security lending, GIC holds voting rights to another 8,863,105 shares or 0.882944%.

This latest position reflects an increase in direct shareholding from the previous notification, where GIC held 4.068946% of direct voting rights. However, there’s a decrease in financial instruments from 2.328113%, bringing the total prior notification to 6.397058%.

The notification also clarifies that GIC Private Limited is not controlled by any natural person or legal entity and does not control any other undertakings with direct or indirect interest in B&M European Value Retail.

B&M European Value Retail operates a chain of discount retail stores across the UK and Europe, offering a wide range of brands and products at competitive prices. The company’s shares are traded on the London Stock Exchange (LON:LSEG), and this latest development could be of interest to investors monitoring the company’s shareholder structure.

This report is based on a press release statement and provides an overview of the significant changes in shareholding for B&M European Value Retail as notified by GIC Private Limited.

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