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DUBLIN - Credit Agricole S.A. has disclosed a 1.556% stake in Dalata Hotel Group PLC, according to a regulatory filing published Thursday.
The French financial institution reported ownership of 3,291,198 ordinary shares in the Irish hotel operator, based on a Form 8.3 filing with the Irish Takeover Panel.
The disclosure also revealed that Credit Agricole holds short positions equivalent to 1.555% of Dalata’s shares through cash-settled derivatives, amounting to 3,289,336 shares.
The filing indicated that Credit Agricole purchased 310,856 ordinary shares at €6.42 per share on October 1, while simultaneously increasing its short position through swap transactions involving the same number of securities at the same price.
The disclosure was made in accordance with the Irish Takeover Panel Act rules, which require persons with interests in relevant securities representing 1% or more to disclose their positions.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio of properties across Ireland and the United Kingdom. The disclosure suggests potential takeover interest in the company, though no specific offer details were mentioned in the filing.
The information was provided in a regulatory news service announcement based on a company press release statement.
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