Pandox AB

Shareholders of Dalata Hotel Group overwhelmingly approved the recommended cash offer from the joint venture Pandox Ireland Tuck (Pandox and Eiendomsspar). Consortium shareholders voted 100% in favour at a participation rate of 89.34%, while other shareholders voted 99.87% in favour; all seven resolutions at the extraordinary general meeting received at least 97.73% approval. The takeover is to be effected by a scheme of arrangement under Irish law and remains subject to court approval, expected in October 2025; financial terms were not disclosed. Rothschild & Co is advising Dalata, Berenberg and Davy are acting as corporate brokers, and FTI Consulting is handling communications advice. » Altro su de.investing.com

The Dalata Hotel Group has published the offer document for a planned €1.4 billion takeover by a consortium led by Pandox AB and Eiendomsspar AS; shareholders are to vote on 11 September at the Clayton Hotel Dublin Airport. Dalata shareholders are being offered €6.45 in cash per share, and the transaction will be carried out via the newly formed Pandox Irland Tuck Limited. The deal is expected to take effect in October 2025 and to close before the end of November 2025, each subject to court approval and customary conditions precedent. » Altro su de.investing.com

Pandox AB has announced a recommended cash offer to acquire Dalata Hotel Group plc for approximately 1.4 billion euros. With this acquisition, Pandox will expand its presence in the Northern European hotel markets and plans to further develop the Dalata portfolio together with Scandic Hotels Group. The transaction includes 56 hotels in Ireland, the United Kingdom, Germany, and the Netherlands, and is expected to be completed in the fourth quarter of 2025. » Altro su de.investing.com