Pandox consortium proposes takeover offer for Dalata Hotel Group

(Alliance News) - A consortium formed by Pandox AB and Eiendomsspar AS said on Tuesday it has ...

Alliance News 3 June, 2025 | 7:35AM
Email Form Facebook Twitter LinkedIn RSS

(Alliance News) - A consortium formed by Pandox AB and Eiendomsspar AS said on Tuesday it has submitted a proposal to acquire Dalata Hotel Group PLC.

Pandox, a Stockholm-based hotel developer and Eiendomsspar, an Oslo-based real estate firm, have proposed an all-cash offer for the Dublin-based hotel operator, which is up for sale.

The proposal is for EUR6.05 per Dalata share, valuing the Irish firm at around EUR1.3 billion. This represents an estimated premium of 27% to Dalata's closing price of EUR4.76 per share on March 5, and 14% to the three-month average price of EUR5.32 per share.

Following Tuesday morning's announcement, Dalata shares were up 11% at 520.00 pence each in London.

Eiendomsspar currently has an 8.8% beneficial interest in Dalata. Should the offer proceed, the Norwegian firm expects to contribute this stake to the consortium.

The consortium said it had not engaged in the sale process for Dalata to date, and had submitted the proposal independently. It is currently in talks with an unnamed European hotel operator to set up a framework agreement for Dalata's operation, should an acquisition be successful. The consortium added it was seeking to engage with Dalata's board to secure their recommendation for a takeover offer.

"The consortium believes the Proposal would deliver tangible and certain value for Dalata shareholders, fully in cash and at a meaningful premium. As established hotel investors with deep knowledge of the European hospitality sector, and experience from successfully executing similar transactions in the UK and Ireland, the consortium is well-positioned to support Dalata's business and long-term growth ambitions."

Pandox and Eiendomsspar have until July 15 to submit an offer, though the firms noted there is no certainty such an offer will be made.

By Holly Munks, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Dalata Hotel Group PLC
Dalata Hotel Group PLC

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2025 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures