Ontex announces sale of Pakistan activities

Plant in Karachi, PakistanPdf versions translations Nederlands DutchEnglish Aalst, Belgium, September 28, 2023 – Ontex Group NV (Euronext Brussels: ONTEX) (“Ontex”), a leading developer and manufacturer of hygiene products and solutions for retailers and healthcare, announces that it has entered into a binding agreement to sell its business in Pakistan to ASAIA Holding FZ. The transaction includes Ontex’s plant and business in Pakistan. Ontex’s business in Pakistan is part of Ontex’s emerging markets activities, which have been classified as discontinued operations following the strategic decision in 2021 to divest these. Ontex aims to close the transaction, which is subject to customary conditions, by the end of 2023. UNCODE.initRow(document.getElementById("row-unique-0"));ContactInvestorsGeoffroy RaskinT: +32 53 333 730 [email protected] PressMaarten VerbanckT: +32 53 33 36 20 [email protected] UNCODE.initRow(document.getElementById("row-unique-2")); The post Ontex announces sale of Pakistan activities appeared first on Ontex.

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