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LONDON - BNP Paribas SA has disclosed a 1.5% ownership position in Dalata Hotel Group Plc, according to a regulatory filing published Wednesday.
The French banking group reported holding 3,248,180 shares in the Irish hotel operator, alongside short positions totaling 1.54% through cash-settled derivatives and other instruments, as detailed in an Irish Takeover Panel disclosure.
The filing shows BNP Paribas purchased 42,643 shares at €6.38 per share on October 7, while simultaneously increasing its short position through cash-settled derivatives.
The disclosure was made under Rule 8.3 of the Irish Takeover Panel Act, which requires public notification when an entity holds interests in relevant securities representing 1% or more of a company that may be involved in takeover activity.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio of properties across Ireland and the United Kingdom under its Clayton and Maldron brands.
The disclosure comes as part of standard regulatory requirements for significant shareholders during potential takeover situations, according to the statement based on the company’s press release. No information regarding any specific takeover offer was included in the disclosure.
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