Ontex completes the divestment of its Algerian business to a local distributorOntex completes the divestment of its Algerian business to a local distributor

Aalst, Belgium – Ontex Group NV said Tuesday it completed the sale of its Algerian business to Hygianis SPA, its local distributor for over 20 years. The transaction includes the production facility and business in Algeria, with cash proceeds of approximately €25 million.

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By Lisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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