EU OKs Hal Holding To Buy Italian Eyewear Maker Safilo
One hour ago

BRUSSELS (Dow Jones)--The European Commission Friday cleared Dutch investment group Hal Holding NV to buy struggling Italian eyewear maker Safilo Group SpA (SFL.MI).

Hal, a unit of Netherlands Antilles-based Hal Trust (HAL.AE), owned a 2% stake in Safilo, the maker of Gucci and Dior sunglasses.

Hal agreed in October increase its stake in Safilo to between 37.23% and 49.9% and to help recapitalize the debt-laden company, injecting around EUR283 million.


http://online.wsj.com/article/BT-CO-...11-708144.html
-By Adam Cohen, Dow Jones Newswires; +322 741 1486; adam.cohen@dowjones.com
(Sabrina Cohen and Chiara Vasarri in Milan contributed to this article.)