Austrian Private Equity Company Increases Stake In Topps Tiles

Austrian venture capital and private equity company AS Galleon AG has once again boosted its stake in Topps Tiles.

AS Galleon initially acquired shares in the business in May, then increased its shareholding to 6.79% in early June. A few weeks later the company increased its share to 11.07% and has now upped its stake to 14.67%.

At the beginning of July, Topps Tiles announced that trading was ahead of expectations for Q3, and stated that it was well-positioned as the economy begins to recover. 

In early June, Topps Tiles confirmed it has agreed the sale and leaseback of its head office and central warehouse buildings at Grove Park, Enderby, Leicester, to UK Warehouse Properties Limited, for the sum of £18.1m.

Source : Insight DIY Team

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