B&M has sold its 80 per cent controlling stake in Jawoll, subject to regulatory approval, having placed it on the market last November. The 89 store German chain had been loss-making and B&M will realise a total of c£10.8 million from the divestment payable in two parts when the sale completes to a consortium headed by AC Curtis Salta. The new owners will also assume Jawoll’s bank debt as part of the deal.
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