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DUBLIN - Joint offerors Pandox AB and Eiendomsspar AS have increased their stake in Dalata Hotel Group plc to 9.81% following recent share purchases, according to a regulatory filing released Monday.
The Swedish and Norwegian property companies acquired a combined 2,211,150 shares of Dalata on June 20, with 1,698,112 shares purchased at €6.30 per unit and 513,038 shares at €6.297968 per unit.
Following these transactions, the joint offerors now control 20,741,832 ordinary shares in Dalata, Ireland’s largest hotel operator. Of this total, Eiendomsspar AS owns 18,530,682 shares, representing 8.76% of the company.
The disclosure was made in a Form 8.1 filing to the Irish Takeover Panel, which requires parties involved in potential takeover situations to report dealings in relevant securities.
Dalata Hotel Group operates primarily in Ireland and the UK under the Clayton and Maldron brands. The company has been expanding its portfolio in recent years with new hotel openings across key European markets.
Neither Pandox nor Eiendomsspar has made any public statement regarding their intentions toward Dalata beyond the mandatory disclosure of their increased shareholding.
The information in this article is based on a regulatory press release statement filed with the London Stock Exchange (LON:LSEG)’s news service.
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