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DUBLIN - Investment manager Amundi S.A. has disclosed a 2.37% stake in Dalata Hotel Group PLC, according to a regulatory filing published Thursday.
The French asset manager holds 5,027,631 ordinary shares in the Irish hotel operator, based on an opening position disclosure filed with the Irish Takeover Panel under Rule 8.3 of the Irish Takeover Panel Act.
The disclosure, which is required for parties holding 1% or more of relevant securities, shows Amundi purchased 1,790 shares at €6.46 per unit on July 2. The filing indicates Amundi holds no short positions in Dalata’s securities.
Such disclosures are typically required during takeover situations, though the filing does not specify details of any potential offer for Dalata. The document states that Amundi is not making disclosures regarding any other party to an offer, indicating this is a standalone position disclosure.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio of properties across Ireland and the United Kingdom (TADAWUL:4280) operating primarily under the Clayton and Maldron brands.
The information was provided in a Form 8.3 filing submitted to the Regulatory Information Service of the London Stock Exchange (LON:LSEG).
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