Ontex Group Streamlines with Pakistan Divestiture

Ontex Group N.V. (GB:0QVQ) has released an update.

Ontex Group NV has successfully finalized the sale of its business operations in Pakistan to ASAIA Holding FZ, including its factory. This move is part of a broader divestment strategy, which previously saw the company exit its Mexican and Algerian markets, with Brazil and Turkey being next on the list. The divestment allows Ontex to better concentrate on its primary retail and healthcare market segments.

For further insights into GB:0QVQ stock, check out TipRanks’ Stock Analysis page.