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DUBLIN - BlackRock (NYSE:BLK), Inc. has disclosed a 2.46% ownership stake in Dalata Hotel Group plc, according to a regulatory filing published Thursday.
The investment management firm reported holding 5,202,790 ordinary shares in the Irish hotel operator, based on an opening position disclosure made to the Irish Takeover Panel under Rule 8.3 of the Irish Takeover Panel Act.
The filing, dated August 21, also revealed that BlackRock maintains a short position of 677,626 shares, representing 0.32% of Dalata’s securities, through cash-settled derivatives.
Recent transactions disclosed in the filing show BlackRock purchased 3,919 shares at €6.38 per share and received a transfer of 4,741 shares on August 20.
The disclosure was made in accordance with Irish takeover regulations, which require entities with interests of 1% or more in relevant securities to report their positions during offer periods.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio of properties across Ireland and the United Kingdom (TADAWUL:4280). The company operates primarily under the Clayton and Maldron hotel brands.
The regulatory filing was submitted as an opening position disclosure, suggesting potential takeover activity involving Dalata, though no specific offer details were mentioned in the disclosure.
This information is based on a regulatory press release statement filed with the Regulatory Information Service.
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