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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 published Tuesday.
The French bank reported holding 5,544,733 shares representing a long position in the Irish hotel operator, alongside a short position of 5,574,265 shares, equivalent to approximately 2.64% of the company.
The disclosure, made under Irish Takeover Panel rules, reveals BNP Paribas (OTC:BNPQY) owns or controls 5,251,520 ordinary shares directly, with additional exposure through cash-settled derivatives amounting to 293,213 shares.
The filing shows the bank increased its short position on June 30 through a cash-settled derivative transaction involving 7,761 shares at a price of €5.13 per share.
The disclosure comes as part of regulatory requirements for entities holding interests of 1% or more in companies that may be involved in takeover situations. The filing did not indicate any specific takeover activity related to Dalata Hotel Group.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio of properties across Ireland and the United Kingdom (TADAWUL:4280).
The information was disclosed in a Form 8.3 filing to the Irish Takeover Panel, which requires public disclosure of significant shareholdings in companies that could be subject to takeover offers.
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