Dalata Acquisition

On 15 July, Scandic entered into a framework agreement with Pandox AB and Eiendomsspar AS with the intention to acquire the hotel operations of Dalata Hotel Group Plc.

On 7 November, Scandic assumed operational responsibility for Dalata’s hotel portfolio following the successful completion of the public offer for Dalata by Pandox and Eiendomsspar. At the same time, a carve-out process was initiated to separate Dalata’s real estate business from its hotel operations. This process is expected to be completed during the second half of 2026. Until then, Scandic will operate the hotels under a management agreement.

Once the carve-out is finalized and Scandic completes the intended acquisition of the hotel operations, the purchase price is expected to amount to approximately EUR 500 million, subject to closing adjustments. The acquisition is planned to be fully financed through available cash and existing debt facilities.