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A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

HAL abandons the takeover of ASPA

Tuesday 29 June 2010

HAL Holding Investment Company announced today that it has renounced the acquisition of office furnisher ASPA , the former Samas Benelux together with its sister companies and Assen Assen BV Burg Burg Sales Ltd.

HAL announced on 8 April 2010 that there would be a merger of the interests of HAL \'s subsidiary, Stonehaven (40 percent) and Andreas Holding II (60 percent) Andreas Office II . This company is the holding company of ASPA Benelux BV , Assen Assen BV Burg Burg Sales BV.

Andrew Holding II is owned by Tinseltown Investments. HAL had option rights over all the shares of Holding Andreas, but no agreement could reach with Tinseltown Investments. An investigation revealed that the book market and the financial position of ASPA Benelux was such that Stonehaven decided not to exercise the options \'\' said HAL .

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