Shares of B&M European Value Retail fell on Wednesday, leading the FTSE 100 index fallers, after SSA Investments said that it has sold 162.1 million pounds ($203.6 million) worth of shares in the convenience retailer.
Shares at 1240 GMT were down 38.80 pence, or 6.5%, at 561.60 pence
SSA said Wednesday that it has sold 27.8 million shares of B&M at 582.5 pence each. The price is a 3% discount to the company’s closing price of 600.40 pence on Tuesday.
Following the sale, SSA holds 3.4% of B&M’s issued share capital.