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DUBLIN - Allianz (ETR:ALVG) Global Investors GmbH has reduced its stake in Dalata Hotel Group plc (ISE:DHG), according to a regulatory filing disclosed Tuesday.
The investment firm sold 30,796 shares at a price of €6.2762 per share on June 16, as reported in a Form 8.3 filing with the Irish Takeover Panel. Following the transaction, Allianz Global Investors now holds 2,203,123 shares, representing 1.04% of Dalata’s outstanding shares.
The disclosure was made in accordance with Rule 8.3 of the Irish Takeover Panel Act, which requires persons with interests in relevant securities representing 1% or more to report their dealings.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio spanning Ireland and the United Kingdom (TADAWUL:4280). The company operates primarily under the Clayton and Maldron brands.
The filing did not indicate any cash-settled derivatives, stock-settled derivatives, or other arrangements related to Dalata’s securities held by Allianz Global Investors.
The disclosure comes amid potential takeover interest in Dalata, as Form 8.3 filings are typically required during offer periods under Irish takeover regulations.
This information is based on a regulatory press release statement filed with the London Stock Exchange (LON:LSEG)’s Regulatory Information Service.
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