Pandox, Eiendomsspar Bid €1.3 Billion for Dalata Hotel Group
A consortium including Pandox AB and Eiendomsspar AS has submitted a non-binding bid to buy Dublin-based Dalata Hotel Group Plc for €6.05 a share.
The bid values the company at €1.3 billion ($1.5 billion) and represents a 27.1% premium to Dalata's share price before it announced a sale process in March, according to a statement Tuesday. Eiendomsspar already owns about 8.8% of Dalata's shares.
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