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Cheminova's parent Auriga initiates review of strategic options

8:55 AM MDT | June 16, 2014 | Natasha Alperowicz

Auriga Industries (Harboøre, Denmark) said on Friday that it has commenced reviewing its strategic options. Auriga is the listed parent company of Cheminova (Lemvig, Denmark), a producer of agricultural chemicals with 2013 sales of 6.6 billion Danish kroner ($1.2 billion). The Auriga share price rose 17.7%, to DK290, following the announcement. The company declines to provide further details. Cheminova is Auriga's only operating subsidiary and is 100% owned by Auriga.   Cheminova employs 2,200 people, including 850 in Denmark, and has production...

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