Clayton and Maldron Hotels owner Dalata Hotel Group expects the sale of its business to be fully completed by early November.
Dalata – which, as well as Ireland, operates in the UK, Germany, Spain and the Netherlands – opened a strategic review of its business in March, which led to an agreed €1.4bn sale to a Scandinavian property and hospitality consortium comprising Pandox and Eiendomsspar.
Dalata shareholders unanimously voted in favour of the deal at an extraordinary general meeting (EGM) last month.
In an update on the outstanding deal requirements, Dalata has said EU Commission approval has been granted and a date for Irish High Court approval has been set for October 29.
It added that pending this last requirement passing, the expected completion date for the deal is early November.
