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LONDON - BNP Paribas SA (ETR:BNPP) has disclosed a 2.6% interest in Dalata Hotel Group Plc, according to a regulatory filing made Friday.
The French banking group reported holding 5,537,248 shares representing a 2.6% stake in the Irish hotel operator, alongside short positions of 5,566,356 shares, equivalent to 2.63% of the company.
The disclosure, made under Rule 8.3 of the Irish Takeover Panel Act, reveals BNP Paribas (OTC:BNPQY) owns or controls 5,244,069 Dalata shares directly, with additional exposure through cash-settled derivatives.
The filing details several transactions conducted on June 26, including the purchase of 9,127 shares at €5.13 per share and the sale of 2,408 shares at the same price. BNP Paribas also reported reducing a short position in Dalata through a cash-settled derivative transaction involving 6,101 securities.
Companies are required to disclose positions representing 1% or more of a company’s shares during takeover situations under Irish regulations.
This information was provided in a Form 8.3 filing submitted to the Irish Takeover Panel, as disclosed in a regulatory news service announcement.
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