Completion of Belgium property sale

Summary by AI BETAClose X

Victoria PLC has completed the sale and leaseback of its Belgian distribution centre for €34.4 million, significantly exceeding its net book value of €5.6 million as of January 31, 2026, with existing tax losses to offset capital gains tax. This transaction, alongside two other property disposals, is expected to fully fund the exceptional costs and capital expenditure related to the ongoing relocation of Balta Rug's production to Turkey, a project anticipated to conclude in the third quarter of fiscal year 2027, while the distribution centre will remain a key European hub.

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Victoria (VCP)
UK 100

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