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LONDON - BNP Paribas SA (ETR:BNPP) has disclosed a 0.3% interest in Dalata Hotel Group Plc, according to a regulatory filing published Wednesday.
The French banking group reported holding 650,531 shares representing a long position in the Irish hotel operator, alongside a short position of 652,479 shares, equivalent to 0.31% of the company.
The disclosure, made under Rule 8.3 of the Irish Takeover Panel Act, reveals BNP Paribas (OTC:BNPQY) owns or controls 449,555 ordinary shares of Dalata, while maintaining a short position of 203,596 shares. The bank also holds cash-settled derivatives amounting to 200,976 shares long and 448,883 shares short.
The filing details recent transactions including the sale of 34,749 Dalata shares at €5.13 per share on August 19, alongside smaller purchases totaling 7,163 shares at the same price. BNP Paribas also increased its short position through cash-settled derivatives by 6,463 shares.
Companies are required to disclose positions of 1% or more in firms involved in takeover situations under Irish regulations. The disclosure suggests Dalata Hotel Group may be the subject of potential takeover interest, though no specific offer has been confirmed in the filing.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio of properties across Ireland and the UK.
The information was disclosed in a regulatory filing submitted to the London Stock Exchange (LON:LSEG)’s Regulatory Information Service.
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