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LONDON - BNP Paribas SA (ETR:BNPP) has disclosed its position in Dalata Hotel Group Plc, revealing ownership of 978,847 shares representing approximately 0.5% of the Irish hotel operator, according to a regulatory filing published Thursday.
The French banking group also reported short positions totaling 980,557 shares, equivalent to about 0.46% of Dalata’s outstanding shares. The disclosure was made under Rule 8.3 of the Irish Takeover Panel Act, which requires parties with interests of 1% or more to disclose their positions during takeover situations.
BNP Paribas (OTC:BNPQY) detailed several transactions conducted on July 30, including sales of 16,540 shares and purchases of 152 shares at €5.13 per share. The bank also reported multiple cash-settled derivative transactions involving Dalata securities on the same day.
The filing indicates BNP Paribas holds both long positions through owned securities and cash-settled derivatives, as well as short positions through similar instruments.
The disclosure requirement suggests Dalata Hotel Group may be involved in a potential takeover situation, though the filing does not specify details of any offer. When asked if BNP Paribas was making disclosures regarding any other party to a potential offer, the bank indicated "NO" in its filing.
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 disclosed in a regulatory filing submitted to the London Stock Exchange (LON:LSEG)’s Regulatory Information Service.
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