Auriga Industries A/S, Harboøre, Denmark, 2015-04-02 11:07 CEST (GLOBE NEWSWIRE) --
Company announcement no. 3/2015
April 2, 2015
Auriga expects to close the divestment of Cheminova A/S in mid-April
Monday, September 8, 2014, Auriga Industries A/S (“Auriga”) entered into a conditional share purchase agreement with FMC Corporation regarding the sale of Cheminova A/S, CVR no. 12 76 00 43 (“Cheminova”), a wholly owned subsidiary of Auriga. Reference is made to company announcement no. 12/2014 of September 8, 2014.
Closing of the divestment was subject to customary conditions, including approval by relevant competition authorities and approval by Auriga’s shareholders. The divestment was approved at the extraordinary general meeting held on October 7, 2014. Reference is made to company announcement no. 14/2014 of October 7, 2014.
Today, Brazil’s competition authority, the Council for Economic Defence (CADE), has published their approval of Auriga’s divestment of Cheminova. The publication initiates a statutory waiting period of 15 days, calculated from the date of publication, which is to expire before the approval is final and the parties can close the transaction. All other competition clearances from the relevant jurisdictions have been obtained. Completion of the divestment of Cheminova is now expected in mid-April 2015.
As announced on February 12, 2015, it is still Auriga’s intention to distribute the proceeds from the divestment to the shareholders as quickly as possible following closing.
For more information about Auriga, visit www.auriga-industries.com.
AURIGA INDUSTRIES A/S
Lene Faurskov
Manager, Investor Relations
Mobile: +45 41 64 05 04
investor@auriga.dk
