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The latest announcement is out from Scandic Hotels Group AB ( (SE:SHOT) ).
Scandic Hotels Group AB has entered into a framework agreement with Pandox AB and Eiendomsspar AS to acquire the hotel operations of Dalata Hotel Group Plc. This acquisition, contingent on the completion of the Consortium’s takeover of Dalata and necessary regulatory approvals, will add 56 hotels with 12,000 rooms to Scandic’s portfolio, primarily in Ireland and the UK. This move is expected to enhance Scandic’s market presence and financial performance by leveraging Dalata’s strong market position and operational synergies. The transaction is anticipated to be EPS accretive and aligns with Scandic’s strategy to expand in attractive markets.
The most recent analyst rating on (SE:SHOT) stock is a Hold with a SEK83.00 price target. To see the full list of analyst forecasts on Scandic Hotels Group AB stock, see the SE:SHOT Stock Forecast page.
More about Scandic Hotels Group AB
Scandic Hotels Group AB is the largest hotel company in the Nordic countries, operating a network of approximately 280 hotels with 58,000 rooms across more than 130 destinations. The company is recognized for its commitment to sustainability and accessibility, and it operates the largest loyalty program in the Nordic hotel industry. Scandic is listed on Nasdaq Stockholm.
Average Trading Volume: 355,637
Current Market Cap: SEK18.18B
See more insights into SHOT stock on TipRanks’ Stock Analysis page.