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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.
