Netherlands' PPHE top loser on UK midcaps after Fattal bid falls through
19/06/2026 08:26
BUZZ-Netherlands' PPHE top loser on UK midcaps after Fattal bid falls through ** Shares of Netherlands-based hotel group PPHE PPH.L fall 10.5% to 1,790 pence; top loser on FTSE mid cap index .FTMC
** Co says £920.9 million takeover offer from Israel's Fattal Hotel Group no longer deliverable after largest shareholder Euro Plaza Holdings, which holds 33% stake, opposes the bid
** Fattal had proposed possible cash offer of 22 pounds per share, which PPHE said in May represented fair value
** Co says it received another preliminary proposal from unidentified party on May 31 and would seek to conclude strategic review "as expeditiously as possible"
** As of last close, stock up 11.4% YTD while FTMC rose ~3.5%
(Reporting by DhanushVignesh Babu in Bengaluru)