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Norges Bank Takes 3% Stake In Dalata

Published on Sep 13 2021 12:39 PM in Hotel tagged: Trending Posts / Dalata / Dalata Hotel Group / Norges Bank

Norges Bank Takes 3% Stake In Dalata

Norges Bank, which manages the Norwegian national pension fund, has taken a 3% stake in Dalata Hotel Group, which is worth close to €24 million at the company's current share price.

No Previous Notifiable Stake

As reported by The Business Post, Norges Bank previously held no notifiable stake in Dalata, according to stock exchange filings.

Recent Slump In Share Price

The above news reportedly comes amid a recent slump in Dalata's share price from a high this year of over €4.50, to a recent low of a little over €3.50.

Results For The Six Month Period That Ended On June 30, 2021

The above news also follows news from earlier this month that Dalata has released its results for the six month period that ended on June 30, 2021.

© 2021 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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