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Ontex Group N.V. ( (GB:0QVQ) ) just unveiled an announcement.
Ontex Group NV has announced a binding agreement to sell its Turkish subsidiary to Dilek Grup. This transaction is part of Ontex’s strategic refocus on its core retail and healthcare brands in Europe and North America. The Turkish subsidiary, which generated €90 million in sales in 2024, is part of Ontex’s discontinued Emerging Markets division. The sale includes the business in Türkiye, its export operations, and a plant in Istanbul. Dilek Grup, a distributor of fast-moving consumer goods, is expanding into personal care production. The deal is expected to conclude in the third quarter of 2025, pending approval from the Turkish competition authority.
More about Ontex Group N.V.
Ontex is a leading international developer and producer of personal care products including baby care, feminine care, and adult care items. The company serves both retailers and healthcare providers, distributing its innovative products in around 100 countries. Ontex is headquartered in Aalst, Belgium, employs approximately 7,500 people across 14 countries, and is listed on Euronext Brussels.
YTD Price Performance: -4.45%
Average Trading Volume: 20,218
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €641.6M
For an in-depth examination of 0QVQ stock, go to TipRanks’ Stock Analysis page.
