HAL Prepares IPO of Optical Retail Unit in Amsterdam

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HAL Holding NV, an investment firm based in Curacao and Monaco, said it is preparing an initial public offering of its Dutch optical retail business GrandVision.

HAL plans to sell 20 percent to 25 percent of GrandVision at the earliest by the end of November, according to a statement published today. The company will list shares on the Euronext Amsterdam exchange “depending among other things on conditions in the financial markets,” it said.