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. 

On 7 November, Pandox completed the acquisition of Dalata. Following this, a management agreement took effect under which Scandic assumed operational responsibility for Dalata’s hotels. 

In parallel, a business restructuring was initiated to separate Dalata’s property business from its hotel operations in line with Pandox’s business model. The restructuring is currently anticipated to be completed in the second half of 2026, with a potential exercise of an option to acquire Dalata’s hotel operations subsequent to this. 

Provided 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.