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LONDON - BlackRock (NYSE:BLK), Inc., the global investment management corporation, has disclosed its stake in Dalata Hotel Group plc, a leading hotel operator in Ireland, as per a filing with the Irish Takeover Panel dated March 24, 2025.
The disclosure reveals that as of March 21, 2025, BlackRock has an interest in 5,214,227 ordinary shares of Dalata Hotel Group, representing approximately 2.46% of the company’s issued share capital. In addition to these direct interests, BlackRock also holds cash-settled derivatives amounting to 1,328,054 shares, or 0.62% of Dalata’s issued share capital.
This announcement was made in accordance with the Irish Takeover Panel Act, 1997, Takeover Rules, 2022, which mandates the public disclosure of interests and short positions in securities representing 1% or more of a company involved in a takeover.
The filing also included a transaction of note where BlackRock purchased 161 ordinary shares at a price of EUR 5.5000 per share. No other dealings in the company’s securities were reported, and there were no indications of any indemnity or option arrangements, or agreements or understandings that would be an inducement to deal or refrain from dealing in the shares.
BlackRock’s disclosure does not suggest any immediate action or intent regarding its stake in Dalata Hotel Group. The information provided is based on the statement released by BlackRock and does not imply any broader industry trends or future actions by the investment manager.
Investors and market watchers often monitor such disclosures closely, as they can indicate the investment strategies of major financial institutions like BlackRock and their confidence in the companies they invest in. Dalata Hotel Group, with its significant presence in the Irish hotel market, continues to be an entity of interest in the hospitality sector.
The details provided in this article are based on the press release statement issued by BlackRock.
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