HAL Trust : Acquiring 100% Smit Lamnalco, leading terminal towage operator
>Smit Lamnalco = $ 275m turnover and $ 100m EBITDA - Yesterday afternoon, via a very short press release, Boskalis (100% owned by HAL Trust) announced it has signed an agreement to acquire all remaining shares (50%) in Smit Lamnalco. It mentioned no price nor valuation in the press release, nor the seller but this must be Rezayat Group, a Saudi family led conglomorate. Established in 1963 to support oil exports from the Middle East, Smit Lamnalco is a leading pro...HAL Trust is the trust holding company for HAL Holding N.V. Co.'s only asset is the outstanding shares of HAL Holding N.V. Co.'s strategy is to invest in companies where it can play an active role as shareholder and board member. Co. invests mainly in industrial and real estate companies.
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