Victoria ends takeover discussions with Lano Carpets

The board of AIM-traded floorcovering designer and manufacturer Victoria announced the end of discussions over a potential acquisition on Friday.

It had been in talks with the shareholders of Lano Carpets about a combination of the companies, but in a statement it confirmed talks had ceased.

“Victoria remains focussed on its strategy of pursuing acquisition opportunities that will create shareholder wealth,” Victora’s board said in a statement.

“Discussions are already underway with suitable businesses both within the UK and overseas.”