£218m share deal for Victoria

£218m share deal for Victoria

Carpet and flooring company Victoria has agreed a new share deal worth more than £215 million from a US firm.

Kansas-based Koch Equity Development has committed to invest £175 million by way of convertible preferred shares and a separate agreement to buy £43.75 million in ordinary shares.

Kidderminster-based Victoria will also buy back more than 8.5 million of its shares, representing 6.82 per…

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