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Pandox AB ( ($SE:PNDX.B) ) has issued an announcement.
Pandox AB, in collaboration with Eiendomsspar AS, has announced a strategic move involving the acquisition of shares in Dalata Hotel Group plc. The consortium has made an on-market purchase of 1,698,112 ordinary shares in Dalata, representing about 0.8% of Dalata’s issued share capital, at €6.30 per share. This move follows a previously rejected non-binding proposal to acquire Dalata. The potential offer, if made, would value Dalata at approximately €1.3 billion, offering a significant premium over previous share prices. The announcement indicates a strategic positioning by Pandox to expand its influence in the hotel industry, though there is no certainty that a firm offer will be made.
More about Pandox AB
Pandox AB is a prominent player in the hotel property industry, owning, developing, and leasing hotel properties across Northern Europe. With a portfolio of 163 hotel properties and approximately 36,000 rooms, the company operates under long-term, turnover-based leases. Headquartered in Stockholm, Pandox is listed on Nasdaq Stockholm and is one of the largest hotel property owners in Europe.
For an in-depth examination of PNDX.B stock, go to TipRanks’ Overview page.