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LONDON - BNP Paribas SA (ETR:BNPP) has disclosed a 2.6% interest in Dalata Hotel Group Plc alongside a 2.63% short position, according to a regulatory filing released Wednesday.
The French banking group reported owning and controlling 5,244,394 ordinary shares representing 2.5% of Dalata, with additional exposure through cash-settled derivatives bringing its total long position to 5,537,607 shares or 2.6%.
Simultaneously, BNP Paribas (OTC:BNPQY) holds short positions equivalent to 5,570,998 shares or 2.63% of the Irish hotel operator, primarily through cash-settled derivatives.
The disclosure, made under Rule 8.3 of the Irish Takeover Panel Act, reveals recent transactions including the sale of 1,353 shares at €5.13 per share and the purchase of 24 shares at the same price on June 10.
The filing also details changes to the bank’s derivatives positions, including reducing short positions on contracts for difference by 986 securities and increasing short positions by 36 securities, all at €6.08 per unit.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio spanning Ireland and the UK. The disclosure was made in accordance with Irish takeover regulations which require notification when a party holds interests representing 1% or more in a company subject to takeover activity.
This information is based on BNP Paribas’ regulatory filing to the London Stock Exchange (LON:LSEG).
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