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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 Wednesday. The French bank also reported a short position of 2.63% in the Irish hotel operator.
The disclosure, made under Irish Takeover Panel rules, revealed that BNP Paribas (OTC:BNPQY) holds 5,543,748 shares representing a long position in Dalata, while maintaining short positions totaling 5,572,281 shares.
The filing detailed that BNP Paribas owns or controls 5,250,535 relevant securities, equivalent to 2.5% of Dalata’s shares. Additionally, the bank holds 293,213 shares through cash-settled derivatives, representing 0.14% of the company.
Recent transactions disclosed in the filing show that on July 8, BNP Paribas sold 1,002 Dalata shares at €5.13 per share while purchasing 110 shares at the same price. The bank also reduced a short position by 1,001 securities.
The disclosure was required under Rule 8.3 of the Irish Takeover Panel Act, which mandates that persons with interests in relevant securities representing 1% or more must report their holdings.
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 provided in a Form 8.3 filing submitted to the Regulatory Information Service of the London Stock Exchange (LON:LSEG).
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