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Netherland's PPHE says Fattal's $1.22 billion bid not deliverable 

Published by Global Banking & Finance Review

Posted on June 19, 2026

1 min read

· Last updated: June 19, 2026

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PPHE Hotel Group Rejects Fattal's $1.22 Billion Takeover Bid After Shareholder Opposition

PPHE Hotel Group's Response to Fattal's Takeover Offer

Background of the Takeover Bid

June 19 (Reuters) - PPHE Hotel Group on Friday said a £920.9 million ($1.22 billion) takeover offer from Israel's Fattal Hotel Group was no longer deliverable, after its largest shareholder opposed the bid.

Details of the Offer

 Fattal had proposed a possible cash offer of £22 per share, which the Dutch firm said in May represented fair value.

Shareholder Opposition

Euro Plaza Holdings, which has a 33% stake in PPHE, told an independent committee it opposed the proposal, PPHE said.

Alternative Proposals and Strategic Review

New Preliminary Proposal

PPHE said it had received another preliminary proposal from an unidentified party on May 31 and would seek to conclude its strategic review "as expeditiously as possible" after the lengthy process that began in November.

Exchange Rate Information

($1 = 0.7577 pounds)

Reporting Credits

(Reporting by Nithyashree R B in Bengaluru; Editing by Harikrishnan Nair)

Key Takeaways

  • Fattal’s non‑binding £22/share (≈£920.9 million) bid, deemed fair by PPHE’s board, is undermined by opposition from its largest shareholder Euro Plaza Holdings (33%) (hotelmanagement-network.com).
  • PPHE confirmed the bid is not deliverable and noted it received a separate preliminary takeover proposal from an unidentified party on May 31 (hotelmanagement-network.com).
  • PPHE’s strategic review, launched November 2025, remains ongoing; the company plans to conclude it “as expeditiously as possible” (hotelmanagement-network.com).

References

Frequently Asked Questions

Why did PPHE reject Fattal's takeover bid?
PPHE rejected Fattal Hotel Group’s $1.22 billion takeover bid after its largest shareholder, Euro Plaza Holdings, opposed the proposal.
How much was the Fattal bid per share for PPHE?
Fattal Hotel Group proposed a possible cash offer of £22 per share for PPHE.
Who is PPHE's largest shareholder?
Euro Plaza Holdings is PPHE’s largest shareholder with a 33% stake in the company.
Is PPHE considering other takeover proposals?
Yes, PPHE received another preliminary proposal from an unidentified party and is continuing its strategic review.

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