Ontex is a leading international personal hygiene solutions provider
Share capital (09/30/2019) 19.98 %
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2017

Participation of GBL in the capital increase of Ontex

Acquisition

In March 2017, GBL participated in the capital increase of Ontex that aims to refinance the company following the acquisition of the “hygienic consumables” activity of Hypermarcas. Following this operation, the holding percentage of GBL remains unchanged at 19.98%. Furthermore, the appointment of Michael Bredael as the GBL representative to the Board of Directors will be proposed to the General Shareholders’ Meeting of Ontex of 24 May.

Participation of GBL in the capital increase of Ontex

Acquisition

In March 2017, GBL participated in the EUR 221 million capital increase carried out by Ontex following the acquisition of the “hygienic consumables” activity of Hypermarcas, consecutively maintaining its shareholding unchanged at 19.98%. Furthermore, the General Shareholders’ Meeting of Ontex of 24 May 2017 approved the appointment of a representative of GBL to the Board of Directors.

2016

Significant increase in the stake in Ontex

Acquisition

At 31 December 2016, GBL held 19.98% of the capital (7.6% at 31 December 2015), representing a market value of EUR 423 million.

2015

Investment in Ontex

Acquisition

Acquisition of a 7.6% stake in the capital of the Belgian listed company Ontex, a major player in the disposable personal hygiene products market. At 31 December 2015, this represented a value of EUR 181 million.