Dalata is to delist from Euronext Dublin and London Stock Exchange on Monday having completed its €1.4bn sale to Pandox and Eiendomsspa completed, triggering de.
Shareholders receive €6.45 cash per share no later than 21 November. The group operates 56 hotels with over 12,000 rooms and a near 2,000-room pipeline. First-half revenue rose 1pc to €306.5m; adjusted EBITDA fell 5pc to €102.5m.
Dalata acquired the 229-room Radisson Blu at Dublin Airport for €83m, to rebrand as Clayton next year.
Dermot Crowley shared “We will get the proceeds from the sale no later than November 21.”
