Latest news with #PandoxAB
Business Insider
2 days ago
- Business
- Business Insider
Kepler Capital Sticks to Their Buy Rating for Pandox AB (0R8U)
Kepler Capital analyst Albin Sandberg maintained a Buy rating on Pandox AB (0R8U – Research Report) on June 18 and set a price target of SEK205.00. The company's shares closed last Wednesday at SEK163.85. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Sandberg covers the Real Estate sector, focusing on stocks such as Pandox AB, Dios Fastigheter AB, and Castellum AB. According to TipRanks, Sandberg has an average return of -4.8% and a 43.51% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pandox AB with a SEK205.00 average price target. The company has a one-year high of SEK212.50 and a one-year low of SEK145.80. Currently, Pandox AB has an average volume of 50.76K.
Business Insider
05-06-2025
- Business
- Business Insider
Pandox AB (0R8U) Gets a Buy from Kepler Capital
Kepler Capital analyst Albin Sandberg maintained a Buy rating on Pandox AB (0R8U – Research Report) on June 3 and set a price target of SEK205.00. The company's shares closed last Tuesday at SEK161.57. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Sandberg covers the Real Estate sector, focusing on stocks such as Dios Fastigheter AB, Pandox AB, and Castellum AB. According to TipRanks, Sandberg has an average return of -5.0% and a 41.46% success rate on recommended stocks. Currently, the analyst consensus on Pandox AB is a Moderate Buy with an average price target of SEK205.00.
New Straits Times
04-06-2025
- Business
- New Straits Times
Ireland's Dalata Hotel rejects US$1.5bil buyout proposal from Pandox, Eiendomsspar
KUALA LUMPUR: Ireland's largest hotel group Dalata on Tuesday rejected a 1.3 billion euro (US$1.48 billion) buyout proposal from Scandinavian property companies Pandox AB and Eiendomsspar AS for "materially" undervaluing it. Dalata, which launched a strategic review in March, said Pandox was not participating in its ongoing sale process, which has drawn interest from other potential bidders. The Irish group operates 55 hotels under the Maldron Hotel and Clayton Hotel brands, mostly in Ireland and Britain, and aims to expand its portfolio to 21,000 rooms across Ireland, the UK and continental Europe under its "2030 Vision" strategy. The proposal from the groups had comprised a cash offer of 6.05 euros per ordinary share of Dalata, representing a premium of about 5 per cent to Dalata's closing price on Monday. Shares of Dalata closed up 5.2 per cent at 6.06 euros on Tuesday, their highest since May 2019. It said it continues to engage in "constructive discussions" with other parties who have submitted initial non-binding proposals, without naming who they were. The Pandox-led consortium did not immediately respond to a request for comment on the rebuff by Dalata. Under Irish takeover rules, Pandox and Eiendomsspar had until July 15 to make a formal offer for Dalata or walk away. Norway-based Eiendomsspar is the second largest shareholder in the Irish group with a stake of around 8.8 per cent and in Pandox, in which it has a stake of around 8.5 per cent. Sweden-based Pandox AB specialises in the ownership, development and leasing of large hotel assets in major cities across Sweden and northern Europe. It has been expanding its portfolio through acquisitions and leases in key European cities including Stockholm, Berlin and Brussels. Dalata's adjusted core profit rose 5.1 per cent last year to 234.5 million euros as revenue grew 7.3 per cent to 652.2 million euros, driven by additions to its portfolio over the past two years.
BreakingNews.ie
03-06-2025
- Business
- BreakingNews.ie
Consortium makes €1.3bn bid for Ireland's largest hotel group Dalata
A consortium consisting of property owners Pandox AB and Eiendomsspar AS have proposed to buy Ireland's largest hotel group Dalata for €1.3 billion. The proposal comprises a cash offer of €6.05 per ordinary share of Dalata, representing a premium of about 5 per cent to the firm's closing price on Monday. Advertisement Eiendomsspar currently holds about 8.8 per cent of Dalata's issued ordinary shares, making it the second largest shareholder in the Irish hotel group. The offer comes after Dalata launched a strategic review in March to explore options for enhancing shareholder value, including a potential sale. Dalata operates 55 hotels under the Maldron and Clayton brands, with most located in Ireland and the United Kingdom. The consortium has until July 15th to make a formal offer for Dalata or walk away, under British takeover rules.
Reuters
03-06-2025
- Business
- Reuters
Pandox consortium proposes to buy Ireland's Dalata Hotel for $1.48 billion
June 3 (Reuters) - A consortium consisting of property owners Pandox AB ( opens new tab and Eiendomsspar AS have proposed to buy Ireland's largest hotel group Dalata (DHG.I), opens new tab for 1.3-billion-euro ($1.48 billion). The proposal comprises a cash offer of 6.05 euros per ordinary share of Dalata, representing a premium of about 5% to the Irish firm's closing price on Monday. Eiendomsspar currently holds about 8.8% of Dalata's issued ordinary shares, making it the second largest shareholder in the Irish hotel group. The offer comes after Ireland's largest hotel group, Dalata, launched a strategic review in March to explore options for enhancing shareholder value, including a potential sale. Dalata operates 55 hotels under the Maldron Hotel and Clayton Hotel brands, with most located in Ireland and the United Kingdom. The consortium has until July 15 to make a formal offer for Dalata or walk away, under British takeover rules. ($1 = 0.8755 euros)
