Ireland’s largest hotel group Dalata sold to Scandinavian investors for €1.4 billion
Ireland’s biggest hotel operator Dalata has agreed to a €1.4 billion takeover by Scandinavian property companies Pandox and Eiendomsspar AS, concluding months of negotiations that began with a rejected lower bid. The deal, announced on Tuesday, sees Sweden-based Pandox acquire 91.5% of the entity taking over Dalata, while Norway’s Eiendomsspar will hold the remaining 8.5%. … Read more