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

552.00p
   
  • Change Today:
      0.006p
  • 52 Week High: 613.80
  • 52 Week Low: 459.70
  • Currency: UK Pounds
  • Shares Issued: 1,000.00m
  • Volume: 422,569
  • Market Cap: £5,520m

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 552.00p
Change Today 0.006p
% Change -0.11 %
52 Week High 613.80
52 Week Low 459.70
Volume 422,569
Shares Issued 1,000.00m
Market Cap £5,520m

What The Brokers Say

Strong Buy 7
Buy 5
Neutral 5
Sell 1
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 23-May-2024

Time Volume / Share Price
16:29 209 @ 552.00p
16:29 47 @ 552.00p
16:29 139 @ 551.60p
16:29 126 @ 551.60p
16:29 72 @ 551.60p

BMEL Key Personnel

CEO Alex Russo
CFO Mike Schmidt

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