GrandVision to acquire interest in Peruvian optical retail chain Topsa
GrandVision signed an agreement to acquire 62% of the shares including an option for the remaining 38% of the Peruvian optical retail chain Topsa. HAL has an interest of 99% in GrandVision.
The option to increase the shareholding to 100% can be exercised after five years. Topsa is located in Lima and operates 176 own retail stores, mainly in Lima and a number of other large cities in Peru. The company has approximately 1,030 employees and reported 2013 net sales of approximately PEN 104 million (€ 27 million). The transaction is expected to close in the third quarter of 2014.
HAL Holding N.V.
July 16, 2014