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LONDON - BNP Paribas SA (ETR:BNPP) has disclosed a 2.6% stake in Dalata Hotel Group Plc, according to a regulatory filing made Tuesday.
The French bank reported holding 5,534,083 shares representing a 2.6% interest in the hotel group, alongside short positions totaling 5,567,836 shares or approximately 2.63% of the company.
The disclosure, made under Irish Takeover Panel rules, shows BNP Paribas (OTC:BNPQY) owns or controls 5,240,870 ordinary shares, representing 2.5% of Dalata, while maintaining a short position of 353,626 shares or 0.2%.
The filing also details cash-settled derivatives amounting to 293,213 shares (0.14%) on the long side and 5,214,210 shares (2.5%) on the short side.
Recent transactions disclosed in the filing include the sale of 1,035 shares and purchase of 270 shares at €5.13 per unit, along with a reduction in a short position of 766 shares at €6.08 per unit.
The disclosure was made in accordance with 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, which trades on the Irish stock exchange, is Ireland’s largest hotel operator. The disclosure was made via a Form 8.3 filing, typically used during takeover situations, though no specific offer for the company was mentioned in the regulatory statement.
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