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Aalst-Erembodegem (Belgium), 31 May 2016 – Ontex Group NV (“Ontex”) takes note of the decision of the Spanish Competition Authority (CNMC) in an infringement proceeding regarding alleged violations of Spanish and EU competition law against 8 manufacturers in the non-hospitalized reimbursed heavy adult care channel in Spain.

 

On September 2, 2014, the CNMC opened infringement proceedings against 8 manufacturers active in this channel.

The CNMC now concludes that the Spanish subsidiaries of Ontex (Ontex ES Holdco, S.A., Ontex Peninsular, S.A.U. and Ontex ID, S.A.U) were amongst the infringing entities and it imposes a fine of €5.15 million on them.

Ontex does not agree with this decision and will explore all appeal possibilities.

Ontex is committed to carry out its business activities in full compliance with all applicable laws and conducts a company-wide compliance program to that effect.

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 Ontex brands such as BBTips, BioBaby, Pompom, Bigfral, Canbebe, Canped, ID and Serenity, as well as leading retailer brands.

Employing 11,000 passionate people all over the world, Ontex has a presence in 22 countries, with its headquarters in Aalst, Belgium. Ontex is part of the Bel20 and STOXX® Europe 600.

To keep up with the latest news, visit www.ontexglobal.com or follow us on LinkedIn.

Contact

Gaëlle Vilatte
Press enquiries
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+32 53 333 708

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gaelle.vilatte@ontexglobal.com

Philip Ludwig
INVESTOR enquiries
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+32 53 333 730