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FMC to acquire Denmark’s Cheminova for $1.8 billion

7:46 AM MDT | September 15, 2014 | —Deepti Ramesh and Vincent Valk

FMC on 8 September agreed to acquire Cheminova (Harboøre, Denmark), a crop protection chemicals maker, for about 10.5 billion Danish kroner ($1.82 billion). FMC will fund the acquisition with a mixture of debt and existing cash reserves. The deal is expected to close in early 2015 and will be accretive to adjusted earnings in the first full year following the acquisition. Auriga, Cheminova’s holding company, said in June that it was reviewing strategic options for Cheminova. FMC also says it will alter its previously announced separation plans by...

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