Asia FX muted, dollar fragile as CPI data boosts Sept rate cut bets
LONDON - BNP Paribas SA (ETR:BNPP) has disclosed a 2.6% interest in Dalata Hotel Group Plc, according to a regulatory filing released Tuesday.
The French bank reported holding 5,535,573 shares representing a 2.6% stake in the hotel group, alongside short positions totaling 2.63% or 5,567,886 shares, as of June 23.
The disclosure, made under Rule 8.3 of the Irish Takeover Panel Act, reveals BNP Paribas (OTC:BNPQY) owns or controls 5,242,360 ordinary shares directly, with additional exposure through cash-settled derivatives.
The filing shows the bank purchased 202 Dalata shares at €5.13 per unit in its most recent transaction.
Dalata Hotel Group, which operates hotels primarily in Ireland and the United Kingdom (TADAWUL:4280), is currently subject to takeover rules requiring disclosure of significant shareholdings.
The statement was made through a Form 8.3 filing submitted to the Irish Takeover Panel, which requires persons with interests representing 1% or more of relevant securities to disclose their positions.
BNP Paribas confirmed in the filing that it has no indemnity arrangements, agreements, or understandings relating to options or derivatives regarding Dalata securities.
The information was provided in a regulatory news service announcement based on a press release statement from BNP Paribas.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.