Auriga Industries A/S, Harboøre, Denmark, 2012-06-27 13:58 CEST (GLOBE NEWSWIRE) --
Company announcement no. 13/2012
June 27, 2012
Auriga has today signed an agreement on the divestment of the property company Auriga Ejendomme A/S owning a property in Taastrup. The day of handover is agreed to be on June 29, 2012.
With a carrying amount of DKK 102 million, the divestment of the property company will have a positive impact on liquidity of approx. 90 million and entail a loss for accounting purposes of approx. DKK 10 million to be recognised under net financials in Auriga's financial statements for Q2 2012.
Auriga Ejendomme A/S has no activities besides the ownership of the above-mentioned property and the surrounding undeveloped site in Taastrup. The property is currently rented out to Hardi International A/S, a former subsidiary in the Auriga group.
AURIGA INDUSTRIES A/S
Jens Due Olsen Kurt Pedersen Kaalund
Chairman of the Board President & CEO
Enquiries concerning this announcement should be addressed to President & CEO Kurt Pedersen Kaalund on tel. +45 40 80 99 01.
Facts about Auriga
Auriga Industries A/S is the listed parent company of Cheminova A/S, which is the wholly owned operating company domiciled in Denmark. Cheminova is developing, producing and marketing chemical crop protection products. All activities are carried out with due consideration for the environment and in compliance with ever higher sustainability standards. The products are being sold in more than 100 countries, and exports count for 99% of sales. In 2011, the group posted revenue of approx. DKK 5.7 billion and has more than 2,100 employees in a global organisation with subsidiaries in 23 countries.
