Intel stock extends gains after report of possible U.S. government stake
LONDON - Global investment firm BlackRock (NYSE:BLK), Inc. has reported changes in its holdings in the Dalata Hotel Group plc, according to a disclosure made to the Irish Takeover Panel. The report, dated March 11, 2025, indicates that BlackRock now owns 5,164,394 ordinary shares, representing a 2.44% interest in the hotel group.
In addition to direct share ownership, BlackRock holds cash-settled derivatives amounting to 29,529 shares and short positions totaling 1,326,816 shares, which corresponds to 0.01% and 0.62% respectively of Dalata’s issued share capital. The combined holdings of shares and financial instruments give BlackRock a total interest of 2.45% in the company.
The disclosure comes amidst no indication of other parties involved in the offer, suggesting that BlackRock’s dealing is an isolated financial maneuver rather than part of a broader takeover strategy. No stock-settled derivatives or agreements to purchase or sell relevant securities were reported, and there were no dealings in multiple classes of securities.
The dealing in question involved the reduction of a long position through cash-settled derivatives, specifically Contracts for Difference (CFDs), with 21,229 securities traded at a price of EUR 5.5800 each.
BlackRock has not disclosed any indemnity or option arrangements, agreements, or understandings related to the relevant securities that would serve as an inducement to deal or refrain from dealing. Moreover, there are no attachments or supplemental forms accompanying the disclosure.
The news of BlackRock’s adjusted stake in Dalata Hotel Group plc is based on a press release statement and provides a factual update on the investment firm’s financial interest in the hospitality company. It is important to note that such disclosures are routine for entities holding significant shares in publicly traded companies and are required for compliance with market regulations.
BlackRock’s dealings are subject to regulatory oversight, and the information is disseminated in accordance with the rules set by the Irish Takeover Panel and the Financial Conduct Authority in the United Kingdom (TADAWUL:4280).
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