Following the long-awaited sale of GrandVision, HAL’s liquidity position surged to a massive €5.6bn at the close of FY21. This war chest will soon be put to use as HAL is keen to take Boskalis private, a major deal bound to dominate the narrative in 2022. Concerning the current volatile geopolitical environment, the HoldCo has revealed some small direct exposure to the Russia-Ukraine war, with the ripple effects on the global economy being the biggest threat to the portfolio’s performance.
