AALST-EREMBODEGEM, Belgium--(BUSINESS WIRE)--Regulatory News:
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.
Ontex is a leading producer of disposable personal hygiene products, ranging from baby diapers to products for feminine hygiene and adult incontinence. Ontex’s products are distributed in more than 110 countries through Ontex brands as well as leading retailer brands.
The group employs over 7,000 staff and is present in 23 countries. Ontex is listed on Euronext Brussels and is part of the BEL20® index.