Bain Dollarama (Luxembourg) is selling its stake in Canadian discount store Dollarama for $32.95 a share. The unit of Bain Capital will surrender a total of 9,157,446 common shares.
The institutional investor had originally invested $381.61 million in a $1.04 billion deal to acquire an 80% stake in Dollarama, adds The Wall Street Journal. The shares will be sold to a financial institution.
Click here for the release from Dollarama.
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