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Ontex Confirms Preliminary Discussions With AIP Regarding Possible Business Combination With Attindas
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Rhea-AI Summary
Ontex Group NV has confirmed ongoing preliminary discussions with American Industrial Partners regarding a potential business combination with Attindas, AIP's portfolio company. As these discussions are in the early stages, no agreement regarding structure or terms has been finalized, and the company cautions there is no certainty of an eventual agreement.
Ontex is a leader in personal hygiene solutions, operating in over 110 countries with a workforce of approximately 9,000 employees. The company remains committed to informing the market as required.
Positive
None.
Negative
No agreement reached on the structure or terms of a potential transaction with AIP.
Discussions are in early stages, indicating uncertainty regarding the outcome.
Ontex Group NV (BSE:ONTEX) (“Ontex” or the “Company”), a leading international provider of personal hygiene solutions, notes the recent press speculation and confirms that it has engaged in preliminary discussions with American Industrial Partners (“AIP”) with respect to a possible transaction that may result in a business combination with AIP’s portfolio company Attindas. Those discussions are at an early stage, and no agreement has been reached as to the structure or terms of any possible transaction. There is no certainty that any such agreement will be reached or, if so, on what terms.
Ontex will, consistent with its legal obligations, inform the market as and when it is required to do so.
About Ontex Ontex is a leading international provider of personal hygiene solutions, with expertise in baby care, feminine care and adult care. Ontex’s innovative products are distributed in more than 110 countries through leading retailer brands, lifestyle brands and Ontex brands. Employing some 9,000 people all over the world, Ontex has a presence in 21 countries, with its headquarters in Aalst, Belgium. Ontex is listed on Euronext Brussels and is part of the Bel Mid®. To keep up with the latest news, visit ontex.com or follow Ontex on LinkedIn, Facebook, Instagram and YouTube.
