PPHE Hotel Group surges on potential buyout by Israel's Fattal Hotel Group
28/05/2026 12:55
BUZZ-PPHE Hotel Group surges on potential buyout by Israel's Fattal Hotel Group
** Shares of hospitality company PPHE Hotel Group PPH.L rise as much as 27% to 2,050p, and are on track for their best day since June 2011
** Stock top gainer on the FTSE midcap index .FTMC, which is down 0.7%
** On Wednesday after market close, PPHE Group said it received a £920.9 million ($1.23 billion) indicative takeover proposal from Fattal Hotel Group
** Fattal says it is in talks for a potential £22 per share takeover of PPH, and expects to make a firm offer within next 4 weeks
** YTD, PPHE stock has risen ~10%
($1 = 0.7463 pounds)
(Reporting by Tuhina)