New owners of Dalata (to be finalised) to accelerate group’s expansion

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Liia Nõu CEO of Pandox
Liia Nõu CEO of Pandox

The new operator of the Dalata Hotel business is considering accelerating the group’s expansion as Scandic-branded hotels into the Irish and English markets.

A €1.4bn agreement has been reached to acquire Dalata, representing the highest market cap for the firm since its IPO in 2014.

The agreement, to be finalised by share holders, involves Oslo-based investment firm Eiendomsspar and Swedish hotel company Pandox.

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