15th Apr 2016 07:10
LONDON (Alliance News) - Floorcovering manufacturer Victoria PLC on Friday said it is no longer in talks to buy European carpet manufacturer Lano Carpets.
Victoria had said last month it was holding talks with the Belgium-based company, but that there was no guarantee a deal would proceed.
On Friday, Victoria said the discussions have now ceased, and it is already is discussions with other "suitable businesses" both within the UK and overseas.
"Victoria remains focussed on its strategy of pursuing acquisition opportunities that will create shareholder wealth," the company said.
Shares in Victoria were down 8.4% at 1,455.00 pence on Friday.
By Hannah Boland; [email protected]; @Hannaheboland
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