Victoria (GB:VCP) has released an update.
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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.
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