5th Aug 2019 11:12
(Alliance News) - Victoria PLC on Monday confirmed it is evaluating the acquisition of Spanish ceramics manufacturer, Ibero Porcelanico, as well as other opportunities.
The flooring designer and manufacturer its growth strategy includes making selective acquisitions, and as a result has frequently been in discussions with potential sellers.
Should the acquisition of Ibero Porcelanico go forward, Victoria would finance the deal through its existing resources, and would be "both leverage neutral and earnings enhancing" on completion.
Victoria stressed however, that there is no guarantee the acquisition will proceed.
Shares in Victoria were down 0.5% at 534.60 pence on Monday.
Related Shares:
Victoria