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LONDON - BNP Paribas SA (ETR:BNPP) has disclosed a 2.7% stake in Dalata Hotel Group Plc, according to a regulatory filing made Tuesday under Irish takeover rules.
The French banking group reported holding 5,754,976 shares representing a 2.7% interest in the hotel operator, alongside short positions totaling 2.68% of Dalata’s share capital.
The disclosure, required under Rule 8.3 of the Irish Takeover Panel Act for holdings above 1%, shows BNP Paribas (OTC:BNPQY) owns or controls 5,345,718 ordinary shares directly, with additional exposure through cash-settled derivatives.
Recent trading activity detailed in the filing shows BNP Paribas purchased 110,612 Dalata shares at €5.13 per share on July 21, while simultaneously selling 49,822 shares at the same price.
The bank also disclosed transactions in cash-settled derivatives, including increasing a short position by 1 share and reducing another short position by 49,612 shares.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio of properties across Ireland and the United Kingdom (TADAWUL:4280), operating primarily under the Clayton and Maldron brands.
The disclosure was made in a Form 8.3 filing to the London Stock Exchange (LON:LSEG)’s Regulatory Information Service, as required for significant shareholdings during takeover situations.
The filing did not provide information about any potential takeover offer for Dalata Hotel Group or identify other parties that might be involved in such a transaction.
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