Fattal Hotels Ltd (FTAL.TA), on Monday, clarified that it is the entity within the Fattal Group that would act as the offeror in its proposed acquisition of the shares of PPHE Hotel Group Ltd. (PPH.L) not already owned by it.
The clarification follows Fattal's previously announced non-binding proposal to acquire the remaining PPHE shares for GBP 22 per share in cash.
The proposed offer price of GBP 22 per share represents a premium of about 47% to PPHE's closing share price on November 13, 2025.
Fattal said any transaction is currently expected to be structured as an all-cash offer, although it reserved the right to vary the form or composition of consideration under certain circumstances.
The company said Managing Director, M&A of the Fattal Hotel Group, Guy Vardi, acquired 49 PPHE shares at GBP 16.64 each on November 14, 2025.
Under UK takeover rules, any formal offer would therefore need to be made on terms no less favorable than GBP 16.64 per share.
Fattal Hotels currently owns 1.66 million PPHE shares.
On Friday, Fattal Hotels closed trading 0.90% lesser at ILA 77,000 on the Tel Aviv Stock Exchange.
On Friday, PPHE Hotel Group closed trading 1.01% lesser at GBp 1,962 on the London Stock Exchange.
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