Bullish indicating open at $55-$60, IPO prices at $37
LONDON - BNP Paribas SA (ETR:BNPP) has reported a significant stake in Dalata Hotel Group Plc, according to a disclosure made Tuesday with the Irish Takeover Panel. The French bank now holds a combination of interests and short positions amounting to a total net long position of 2.9% and a net short position of 3.02% in the Irish hotel operator.
The disclosure, which is mandated under the rules governing takeovers and mergers, revealed that as of Monday, BNP Paribas (OTC:BNPQY) owned 5,772,133 shares directly and had control over cash-settled derivatives for an additional 293,209 shares. Conversely, the bank also held short positions totaling 919,633 shares and cash-settled derivatives that short another 5,459,752 shares.
The transactions included purchases and sales of Dalata Hotel Group’s shares at a price of EUR 5.0600 per share. The bank increased its short position through contracts for difference (CFDs) by 311,677 and 179,415 shares, while also reducing its short position by 15,970 shares.
This disclosure is part of the regulatory requirements that ensure transparency in the market, particularly during periods of corporate acquisitions or mergers. It does not necessarily indicate a change in BNP Paribas’ investment strategy regarding Dalata Hotel Group, nor does it imply any forthcoming actions concerning the hotel group.
Dalata Hotel Group, which operates hotels across Ireland and the United Kingdom (TADAWUL:4280), is a significant player in the hospitality industry. This financial interest by a major banking institution like BNP Paribas could be of interest to investors monitoring the sector.
The details of the positions held are based on a press release statement and reflect the latest available information as of the date of disclosure. The London Stock Exchange (LON:LSEG)’s Regulatory Information Service was used to disseminate the information, ensuring that it reaches all market participants simultaneously.
Investors and stakeholders in Dalata Hotel Group and BNP Paribas will likely follow subsequent disclosures for further insights into the bank’s investment activities related to the hotel operator.
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