HAL Trust & Boskalis signed an LOI to acquire construction, project development and infrastructure divisions of VolkerWesselsFinancial details were not disclosed, rumoured to be signed in Q3-25This looks like a good investment as it deploys idle net cash, it is an investment well within its circle of competence, and it seems well-timed in the cycleFor now, we reiterate our Hold rating but will revisit the investment case once the deal is signed.
