UK carpet maker Victoria to buy rugs division of Belgium's Balta
29/11/2021 07:26
Nov 29 (Reuters) - Flooring products maker Victoria Plc
VCP.L said on Monday it would buy the rugs division along with
UK polypropylene carpet and non-woven carpet businesses of
Belgium's Balta Group NV BALTA.BR for 138 million euros
($155.50 million).
Victoria, the largest carpet maker in the UK, said it would
fund the deal entirely from its existing financial resources and
the acquisition would be immediately earnings accretive.
($1 = 0.8875 euros)
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by
Rashmi Aich)
((abyjose.koilparambil@thomsonreuters.com; +919986528692;))