Orica announced it will sell its Minova business to Aurelius Group, a European investment firm, for $130 million. The sale was part of a larger effort to streamline, the supplier said.
“This allows us to focus on our four key business verticals of growth: mining; quarry and construction; digital; and mining chemicals,” CEO Sanjeev Gandhi said. “The Minova business will benefit from new ownership with more focus and capital to support its growth.”
