Hal will consolidate Safilo in its accounts

5 May 2014

Even though the Dutch holding company Hal Holding NV does not have a majority stake in Safilo, IFRS accounting rules oblige it to consolidate the Italian company on a line-by-line basis as of Jan. 1, 2014. Hal, which currently owns 42.2 percent of Safilo, would thus benefit more directly from ...

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