Victoria has announced the completion of the acquisition of the highly complementary rugs and UK carpet divisions of Balta Group NV for a cash consideration of approximately £139m. The rugs business is a well-established operation and is the no.1 producer in Europe and the no.2 globally. The carpets activities increase the scale of Victoria’s UK carpet business and add non-wovens. As previously announced in November 2021, the acquisition will be immediately earnings accretive, on an historic c.6 ....
05 Apr 2022
Completion
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Completion
Victoria PLC (VCP:LON) | 239 -22.7 (-3.9%) | Mkt Cap: 271.6m
- Published:
05 Apr 2022 -
Author:
Richard Hickinbotham -
Pages:
3
Victoria has announced the completion of the acquisition of the highly complementary rugs and UK carpet divisions of Balta Group NV for a cash consideration of approximately £139m. The rugs business is a well-established operation and is the no.1 producer in Europe and the no.2 globally. The carpets activities increase the scale of Victoria’s UK carpet business and add non-wovens. As previously announced in November 2021, the acquisition will be immediately earnings accretive, on an historic c.6 ....