A stake in discount retailer B&M has been acquired by a US asset management giant.
Wellington Management Company now has a 5.04% investment in the listed business, which is headquartered in Liverpool.
The Boston-based firm is holding the shares on behalf of BBH ISL Nominees, HSBC, JP Morgan Chase, Mellon, Nortrust, State Street and Vidacos.
It was founded in 1933 and has more than $1tn of assets under management and in excess of 2,300 clients.
The news was revealed in a 'holdings in company' announcement released on Wednesday by B&M.
The move comes after the Arora family sold 40m ordinary shares in B&M for over £200m in January.
SSA Investments had owned around 150m ordinary shares - a 15% stake in B&M - which has now been reduced to 10.98%.
