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PARIS - Societe Generale (OTC:SCGLY) SA has reported a significant stake in the Dalata Hotel Group PLC, according to a disclosure made on March 10, 2025, under the rules of the Irish Takeover Panel.
The French multinational bank now holds an interest of 8,392,927 ordinary shares, representing 3.97% of the hotel group, and has short positions totaling 64,421 shares, or 0.03%. Additionally, Societe Generale has cash-settled derivatives amounting to 61,970 shares (0.03%) and a substantial short position through derivatives of 6,666,115 shares, which equates to 3.15% of Dalata’s shares.
The disclosure follows recent transactions including the sale of 597 ordinary shares at prices ranging between €5.4388 and €5.45897, and the concurrent increase in a long position through cash-settled derivative contracts (CFDs) for the same number of shares at equivalent prices.
Societe Generale’s dealings come amidst a period where no other parties to the offer have been disclosed, and no exemptions for fund managers connected with the offeror or offeree have been indicated. The bank has also stated that there are no agreements, arrangements, or understandings related to the voting rights of any relevant securities under any option, or concerning the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced.
This information, based on a press release statement, is essential for investors who track ownership and control dynamics within publicly traded companies, particularly in the hospitality sector where Dalata Hotel Group operates.
Societe Generale’s investment in Dalata Hotel Group is a notable development for the market, as changes in significant shareholdings can often influence investor sentiment and potentially affect the company’s strategic direction. However, the bank’s strategic intentions regarding its stake in the hotel group remain undisclosed as of the reporting date.
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