Dalata raises €94.4m for UK growth

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By Sam Kerr
01 Sep 2020

Ireland's Dalata Hotel Group was in the market with a 19.9% accelerated share placing on Tuesday, a move the company said would give it the firepower to take advantage of growth opportunities stemming from the Covid-19 pandemic.

Davy Stockbrokers and Berenberg are bookrunners on the deal.

The final price on the raise was €2.55 a share a 6.25% discount the the previous close.

The company’s rationale for the placing is that it gives it an advantage in securing lease opportunities at competitive terms, particularly in the ...

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