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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 Monday.
The French banking group reported holding 3,275,910 shares in the Irish hotel operator, while also maintaining short positions equivalent to 1.53% of Dalata’s shares through cash-settled derivatives and other instruments.
The disclosure, made under Rule 8.3 of the Irish Takeover Panel Act requirements, revealed that BNP Paribas purchased 33,456 Dalata shares at €6.38 per unit on October 24.
The filing was submitted as an opening position disclosure, which is typically required when a company holds interests representing 1% or more in a firm that is potentially subject to takeover activity.
Dalata Hotel Group, which operates hotels under the Clayton and Maldron brands across Ireland and the UK, has not issued any statements regarding potential acquisition offers.
The disclosure indicates BNP Paribas holds no agreements relating to voting rights of the securities or their future acquisition or disposal.
The information was provided through a Form 8.3 filing to the Regulatory Information Service, as required by the Irish Takeover Panel rules for significant shareholders in companies potentially involved in takeover situations.
This article is based on information contained in a regulatory disclosure statement.
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