Intel stock spikes after report of possible US government stake
LONDON - BlackRock (NYSE:BLK), Inc., the global investment management corporation, has disclosed changes in its holdings in Dalata Hotel Group plc, a leading hotel operator in Ireland. According to a filing with the Irish Takeover Panel dated April 2, 2025, BlackRock now owns 5,226,239 shares, representing a 2.47% stake in the company.
The disclosure, made under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, indicates that BlackRock has reduced its short positions in Dalata Hotel Group plc to 1,334,745 shares, or 0.63% of the company’s issued share capital.
On the dealing front, BlackRock sold 2,716 ordinary shares at a price of EUR 5.3300 per share. Additionally, the investment firm reduced its short position through a cash-settled derivative transaction, specifically a Contract for Difference (CFD), covering 10,199 shares at a price of EUR 5.3176 each.
The filing also mentioned a transfer out of 398 shares, though the details of this transaction were not specified in terms of price or recipient.
This disclosure is part of the regulatory requirements that mandate investors holding interests in relevant securities representing 1% or more to report their positions during takeover situations. The rules are designed to ensure transparency in the market and provide information that can be critical to shareholders and potential investors.
The disclosed information is based on a press release statement and is intended to inform the public and market participants of significant changes in share ownership and control. BlackRock’s adjustments in its stake in Dalata Hotel Group plc reflect the ongoing changes in the investment landscape and the actions of major market players.
As of the date of the disclosure, BlackRock has not indicated any further dealings or intentions regarding its position in Dalata Hotel Group plc. The investment firm’s contact for the disclosure is Jana Blumenstein, with a telephone number provided for additional inquiries.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.