HAL COMPLETES SALE OF ITS OWNERSHIP INTEREST
IN GRANDVISION N.V.
Today, HAL completed the sale of its 76.72% ownership interest in GrandVision N.V. to EssilorLuxottica S.A. at a price of € 28.42 per share. The total consideration for HAL's ownership interest amounted to € 5.5 billion, resulting in a € 3.5 billion net capital gain. As part of the transaction HAL acquired the Chilean optical retail chain Rotter y Kraus. Rotter y Kraus operates 97 stores and has annual revenues of approximately € 50 million.
HAL is grateful to have been part of the 25 year journey in which the Dutch based Pearle B.V. developed through the entrepreneurship and hard work of all the people at GrandVision into a global leader in optical retail with operations in over 40 countries. HAL expects that GrandVision will further develop and prosper under the leadership of the new owner and wishes them all the best.
HAL Holding N.V.
July 1, 2021
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HAL Trust within the meaning of Article 7(1) of the EU
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HAL HOLDING N.V.
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TEL: (377) 92 16 75 79 FAX: (377) 93 25 54 34
HAL Trust NV published this content on 01 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 July 2021 16:41:58 UTC.