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LONDON - BNP Paribas SA (ETR:BNPP) has disclosed its position in Dalata Hotel Group Plc, revealing ownership of approximately 1.52 million shares representing a 0.7% stake in the hotel company, according to a regulatory filing released Wednesday.
The French banking group also reported short positions totaling approximately 1.52 million shares, equivalent to 0.72% of Dalata’s issued share capital. The disclosure was made in compliance with Irish Takeover Panel rules, which require position disclosures from entities holding 1% or more of relevant securities.
The filing detailed specific transactions conducted on August 5, including the sale of 82,030 Dalata shares at €5.13 per share, alongside purchases of 12,507 and 7,507 shares at the same price.
BNP Paribas (OTC:BNPQY) also reported changes to its cash-settled derivative positions, reducing a short position by 82,021 shares while increasing short positions by 12,506 and 7,506 shares, all at €5.13 per unit.
The disclosure comes as part of regulatory requirements for transparency in stake holdings. Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio spanning Ireland and the United Kingdom (TADAWUL:4280).
The bank confirmed in its filing that it is not making disclosures in respect of any other party to an offer, indicating this is a standalone position disclosure rather than related to a broader takeover situation.
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