Diaper Maker Ontex May Delay IPO

(Reuters) – Belgian diaper and wet wipe maker Ontex, which competes with Procter & Gamble’s (PG.N) Pampers, could delay a planned flotation until the second half of the year, daily De Tijd reported on Friday.

The up to 500 million euros ($612.5 million) flotation had been expected in June, but the plans have been put back until the second half after the continued volatility in the financial markets, the paper says, without specifying where it got the information.

Private equity house Candover (CDI.L), which owns Ontex, was not immediately available for comment. ($1=.8163 euro)

(Writing by Ben Deighton; Editing by Hans Peters)