HAL TRUST HALFF

Company Overview

HAL Trust (ticker: HALFF on the OTC market; primary listing on Euronext Amsterdam through HAL Trust units) is an international investment holding company focused on long-term ownership and management of businesses across multiple industries, including optical retail, marine services, energy transition infrastructure, real estate, construction materials, and financial services. The trust’s assets are managed by HAL Holding N.V., and its investment strategy centers on acquiring significant ownership stakes in companies where it can support operational development and long-term value creation. Historically, the company’s largest value driver has been its controlling stake in GrandVision, although the sale of that business materially reshaped the portfolio and increased available investment capital.

The company traces its roots to the former Holland-America Line shipping business founded in the nineteenth century. Over time, HAL evolved from a maritime transportation enterprise into a diversified investment and holding organization. The company is known for its conservative balance sheet management, concentrated investment style, and long-duration ownership approach. HAL generally targets businesses with defensible market positions, stable cash generation, and opportunities for operational improvement or strategic expansion.