UK carpet maker Victoria to buy rugs division of Belgium's Balta


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- Flooring products maker Victoria Plc said on Monday it would buy the rugs division along with UK polypropylene carpet and non-woven carpet businesses of Belgium's Balta Group NV for 138 million euros ($155.50 million).

Victoria, the largest carpet maker in the UK, said it would fund the deal entirely from its existing financial resources and the acquisition would be immediately earnings accretive.

($1 = 0.8875 euros)

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Rashmi Aich)

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