Goldman Sachs Boosts and Then Slashes Stake in Belgian Hygiene Products Maker Ontex

Belgian-based Ontex Group NV has disclosed notifications of significant shareholding by Goldman Sachs Group, Inc. On July 28, 2026, Ontex received a transparency declaration confirming that Goldman Sachs detained 832,580 Ontex voting rights and 1,824,811 equivalent financial instruments or 2,657,391 combined, representing respectively 1.01%, 2.22% and 3.23% of Ontex's issued shares.

The combined holding thereby crossed upward the threshold of 3%. This is a significant development for the company as it indicates that Goldman Sachs has acquired a substantial stake in Ontex.

However, just two days later on July 30, 2026, Ontex received another transparency declaration confirming that on July 23, 2026, Goldman Sachs detained only 164,050 Ontex voting rights and 2,015,115 equivalent financial instruments or 2,179,165 combined. This represents a decrease in their holdings.

The combined holding thereby crossed downward the threshold of 3%. This sudden change in ownership suggests that Goldman Sachs may be adjusting its strategy with regards to Ontex's stock.