Ontex : Completes acquisition of personal hygiene business of Hypermarcas . The agreement for acquisition was previously announced on December 23, 2016 and required conditions have now been fulfilled . Enterprise value agreed for the HM personal hygiene business was R$1 billion ($318.64 million; 305 million euros), which has been paid from available cash, and from available and new debt facilities, after customary adjustments for net debt .HM personal hygiene will be consolidated into the results of Ontex with effect from March 1, 2017.
Ontex Group Nv : Ontex announces agreement to acquire the personal hygiene business of Hypermarcas . To acquire personal hygiene business of Hypermarcas S.A. for an enterprise value of R$1 billion (euro 286 million) . Contribution from HM personal hygiene expected to result in double digit EPS accretion in first year of ownership . Ontex Group NV - Contribution from HM personal hygiene expected to result in return on capital employed exceeding Ontex's cost of capital in first year of ownership . After cost synergies anticipate modest growth in adjusted EBITDA margins for enlarged Ontex Group in 2017 .Completion of transaction currently expected to take place in Q1 of 2017.