Ontex and Hygianis announce agreement for sale of Algerian business

Published on: Wednesday 09 August 2023

Aalst, Belgium, August 9, 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 Algerian business to Hygianis SPA, its local distributor for more than 20 years. The transaction includes Ontex’s business in Algeria and related exports to certain neighboring countries. Ontex’s business in Algeria generated about €50 million sa

News source: https://finance.yahoo.com/news/ontex-hygianis-announce-agreement-sale-160000957.html

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Ontex and Hygianis announce agreement for sale of Algerian business