• Proposte2020 InteriorsMonthly 1080x300 sept

  • MODULEO 20191080x300px

  • Breasley sept2019

  • Intertextile

  • Greenwood Retail December 2017
  • Fibreline encore july2019

  • MIFF 2020 new

Shareholders back Victoria deal

InterfloorTredaireShareholders in Victoria Group have this morning voted to approve the purchase of Interfloor and issuing £44.5m of shares to pay for it.

The new shares in the company will begin trading on Monday and will see Geoff Wilding, Victoria executive chairman’s stake in the group reduced to 33.47%.
One of the conditions of the £10m loan from Business Growth Fund, which was used to pay for the purchase of Abingdon in September 2014, is the loan must be repaid immediately if Wilding’s stake falls below 30%.