Victoria (GB:VCP) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Victoria PLC has sold its Turkish ceramic tile manufacturer, Graniser, for €36.8 million to Mr. Hasan Akgün, aiming to enhance earnings and reduce leverage. The deal includes a long-term supply agreement for cost-effective tile production, allowing Victoria to maintain its strategic advantages while freeing capital for other ventures. This move helps Victoria focus on its core operations while ensuring a stable supply of tiles.
For further insights into GB:VCP stock, check out TipRanks’ Stock Analysis page.