Latest news with #DalataGroup
BreakingNews.ie
03-06-2025
- Business
- BreakingNews.ie
Consortium makes €1.3bn bid for Ireland's largest hotel group Dalata
A consortium consisting of property owners Pandox AB and Eiendomsspar AS have proposed to buy Ireland's largest hotel group Dalata for €1.3 billion. The proposal comprises a cash offer of €6.05 per ordinary share of Dalata, representing a premium of about 5 per cent to the firm's closing price on Monday. Advertisement Eiendomsspar currently holds about 8.8 per cent of Dalata's issued ordinary shares, making it the second largest shareholder in the Irish hotel group. The offer comes after Dalata launched a strategic review in March to explore options for enhancing shareholder value, including a potential sale. Dalata operates 55 hotels under the Maldron and Clayton brands, with most located in Ireland and the United Kingdom. The consortium has until July 15th to make a formal offer for Dalata or walk away, under British takeover rules.
Reuters
03-06-2025
- Business
- Reuters
Pandox consortium proposes to buy Ireland's Dalata Hotel for $1.48 billion
June 3 (Reuters) - A consortium consisting of property owners Pandox AB ( opens new tab and Eiendomsspar AS have proposed to buy Ireland's largest hotel group Dalata (DHG.I), opens new tab for 1.3-billion-euro ($1.48 billion). The proposal comprises a cash offer of 6.05 euros per ordinary share of Dalata, representing a premium of about 5% to the Irish firm's closing price on Monday. Eiendomsspar currently holds about 8.8% of Dalata's issued ordinary shares, making it the second largest shareholder in the Irish hotel group. The offer comes after Ireland's largest hotel group, Dalata, launched a strategic review in March to explore options for enhancing shareholder value, including a potential sale. Dalata operates 55 hotels under the Maldron Hotel and Clayton Hotel brands, with most located in Ireland and the United Kingdom. The consortium has until July 15 to make a formal offer for Dalata or walk away, under British takeover rules. ($1 = 0.8755 euros)
