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DUBLIN - Allianz (ETR:ALVG) Global Investors GmbH has disclosed a 1.02% stake in Dalata Hotel Group plc, according to a regulatory filing published Wednesday.
The investment firm reported ownership of 2,159,693 ordinary shares in the Irish hotel operator, as detailed in a Form 8.3 filing with the Irish Takeover Panel.
The disclosure, required under Rule 8.3 of the Irish Takeover Panel Act when an entity holds interests representing 1% or more of relevant securities, also revealed that Allianz sold 13,887 shares at a price of €6.4658 per share on July 8.
Dalata Hotel Group, which trades on the Irish Stock Exchange, operates a portfolio of hotels primarily across Ireland and the United Kingdom (TADAWUL:4280) under the Clayton and Maldron brands.
The filing indicates no indemnity arrangements, options, or agreements relating to voting rights were in place between Allianz and any other parties.
Form 8.3 disclosures are typically required during takeover situations, though the filing did not specify details of any current takeover activity involving Dalata.
The information was submitted to the Regulatory Information Service as required under Irish takeover regulations, based on a press release statement from Allianz Global Investors.
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