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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 Thursday with the Irish Takeover Panel.
The French bank reported holding 5,545,145 shares representing a long position in the hotel operator, alongside a short position of 5,573,141 shares, equivalent to approximately 2.64% of the company.
The disclosure shows BNP Paribas (OTC:BNPQY) owns or controls 5,251,966 ordinary shares directly, with additional exposure through cash-settled derivatives. The bank also maintains short positions through similar instruments.
The filing indicates BNP Paribas purchased 1,266 shares at €5.13 per unit on July 3, while simultaneously increasing its short position by the same amount through cash-settled derivatives.
The disclosure was made under Rule 8.3 of the Irish Takeover Panel Act, which requires persons with interests in relevant securities representing 1% or more to disclose their positions.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio spanning Ireland and the United Kingdom (TADAWUL:4280). The disclosure comes amid potential takeover interest in the company, as such filings are typically required during offer periods.
The information was provided in a regulatory news service filing based on a Form 8.3 disclosure statement submitted to the Irish Takeover Panel.
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