Ontex sells Pakistan business
Ontex Group, a leading European manufacturer of hygiene products, has signed a binding agreement with ASAIA Holding to sell its business in Pakistan to the latter. This transaction includes Ontex's factory and business located in Pakistan.
Ontex's business in Pakistan is part of its emerging market operations, which have been classified as discontinued according to its 2021 strategic decision. This transaction also needs to meet customary conditions.
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