B&M European Value Retail S.A announced a private placement to issue 27.8 million shares at a issue price of £5.825 (582.5 pence) per share for aggregate gross sale proceeds of £162.1 million. The transaction included participation from returning investor, SSA INVESTMENTS S.À R.L. Following settlement of the Placing, which is expected to take place on 15 December 2023, SSA Investments will continue to hold approximately 3.4% of B&M's ordinary shares.