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Investing.com - UBS downgraded Dalata Hotel Group PLC (LON:DHG) from Buy to Neutral with a price target of GBP6.70 following a recommended cash offer for the company.
On July 15, 2025, Pandox Ireland, a newly incorporated company wholly owned by Pandox and Eiendomsspar, announced a recommended €6.45 cash offer for Dalata Hotel Group.
The offer represents approximately a 36% premium to Dalata’s closing price prior to the strategic review announcement, according to UBS analyst Jarrod Castle.
A framework agreement has been established with Pandox’s long-term operating partner Scandic Hotels, which will serve as an operating partner for the existing Dalata portfolio.
The offer will be implemented by a scheme of arrangement and comes at a discount to Dalata’s last reported net asset value of €6.67 and its July 14 closing share price of €6.54, the day before the recommended offer was announced.
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