B&M European Value Retail S.A. (DI) (BMEL)

240.30p
   
  • Change Today:
      0.037p
  • 52 Week High: 451.70p
  • 52 Week Low: 217.55p
  • Currency: UK Pounds
  • Shares Issued: 1,000.00m
  • Volume: 846,657
  • Market Cap: £2,403.00m

B&M European Value to sell loss-making German business

By Michele Maatouk

Date: Wednesday 11 Mar 2020

LONDON (ShareCast) - (Sharecast News) - B&M European Value Retail has agreed to sell its loss-making German business Jawoll for €12.5m to a consortium led by AC Curtis Salta, which is funded by Adiuva Capital.
The discount retailer said on Wednesday that on completion, the purchaser will also repay Jawoll's bank debt.

Jawoll is a general merchandise discount retailer with 89 stores in the North-West of Germany. In the year to the end of March 2019, it made losses of ?15.4m.

Completion of the deal is expected to occur within the next 28 days or by a long stop date of 1 June 2020 and B&M said the transaction will have no material impact on the company's leverage.





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BMEL Market Data

Currency UK Pounds
Share Price 240.30p
Change Today 0.037p
% Change 1.54 %
52 Week High 451.70p
52 Week Low 217.55p
Volume 846,657
Shares Issued 1,000.00m
Market Cap £2,403.00m

What The Brokers Say

Strong Buy 8
Buy 3
Neutral 5
Sell 2
Strong Sell 0
Total 18
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Trades for 22-Aug-2025

Time Volume / Share Price
16:29 1,195 @ 240.70p
16:29 646 @ 240.70p
16:29 216 @ 240.70p
16:28 1,810 @ 240.70p
16:28 143 @ 240.60p

BMEL Key Personnel

CFO Mike Schmidt
CEO Tjeerd Jegen

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