UK flooring firm Victoria confirms talks with Belgium's Balta for stake purchase
22/11/2021 12:05
Nov 22 (Reuters) - Flooring products maker Victoria Plc
VCP.L said on Monday it was in talks to buy a part of
Belgium's Balta Group NV BALTA.BR .
"The board can confirm that it is in discussions to
potentially acquire a profitable, growing part of Balta's group
that it believes possesses good synergy opportunities with
Victoria's existing business," the UK firm said in a statement
in response to media reports that it was in talks with the
Belgian company, which produces textile floor coverings.
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by
Maju Samuel)
((abyjose.koilparambil@thomsonreuters.com; +919986528692))