Ontex completes business divestment in Algeria
Hygiene products supplier Ontex has spun off its business in Algeria to local distributor Hygianis SPA, in a transaction that includes production facilities, business, and exports to neighboring countries. The CEO of Ontex stated that this spin off allows them to focus more on their core businesses in Europe and North America, with pre tax cash flow and transaction costs of approximately 25 million euros.
Digitalizar para Wechat