8th Mar 2016 09:34
LONDON (Alliance News) - Floorcovering manufacturer Victoria PLC on Tuesday confirmed it is holding talks to acquire European carpet manufacturer Lano Carpets.
Responding to media reports about its interest in the Belgium-based company, Victoria said there is no guarantee a deal will proceed but said is it holding preliminary talks about acquiring the group.
Victoria said should the deal proceed, it would be considered a substantial transaction under AIM rules.
Victoria shares were up 1.7% to 1,302.10 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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