Dalata Hotel Group – which owns the popular Clayton and Maldron hotel chains – has finalised its sale following clearance of the deal by the Irish High Court.
As a result, Dalata said November 6 – this Thursday – should be the last day of trading in its shares on the Dublin and London stock exchanges and the company will be officially delisted as a public company on November 10, next Monday.
Dalata – which, as well as Ireland, operates in the UK, Germany, Spain and the Netherlands – opened a strategic review of its entire business last March.
This led to an agreed €1.4bn sale to a Scandinavian property and hospitality consortium comprising Pandox and Eiendomsspar.
Dalata shareholders previously unanimously voted in favour of the sale at an EGM in September.
