B&M Advances on Market Debut After IPO Raises $1.7 Billion

B&M European Value Retail SA, the U.K. discount retailer chaired by former Tesco Plc boss Terry Leahy, rose on its London trading debut after owners including private-equity firm Clayton Dubilier & Rice LLC raised more than 1 billion pounds ($1.7 billion) from an initial public offering.

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