6th Mar 2020 18:30
(Alliance News) - B&M European Value Retail SA on Friday said it will reward its shareholders with a special payout after it sold a subsidiary for GBP145.9 million.
B&M will pay a special dividend of 15.0 pence per share.
The retailer said it sold Bedford DC Investment Ltd - which owns a distribution centre in Bedford, UK - to German firm WestInvest Gesellschaft fur Investmentfonds mbH.
B&M shares closed 2.5% lower at 316.80p each in London on Friday.
By Eric Cunha; ericcunha@alliancenews.com
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