Ontex : Chance of a deal happening fairly high: upgrade to Neutral
>Chance of a deal happening fairly high, in our view - With Ontex having confirmed to be in talks with American Industrial Partners (AIP), we deem the chance of a deal happening as fairly high. This view is supported by 1) key Ontex shareholder GBL (20%) seemingly being a (partial) architect of an Ontex takeover, 2) relatively sizeable synergies following a merger with Attindas (previously named Domtar; AAOBe: € 50m), 3) both companies being complementary in terms of ...Ontex Group NV is a Belgium-based company, which operates in the manufacturing sector of industry. The Company is a producer of disposable personal hygiene solutions for babies, women and adults. It offers a range of such products as baby diapers, baby pants, baby wet wipes, pads, pantyliners, tampons, light incontinence products, pull-ups, belt diapers, all-in-one tape systems, shaped pads and underpards. Its products are distributed through retail partner brands, as well as under its own brands (canbebe, canped, Helen Harper, Moltex, Baby Charm) across several distribution channels, such as retail trade, care institutions and pharmacies. The Company is present in Europe, Northern Africa, Australia and Asia.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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