Aurelius Group completed the acquisition of the Minova business of Orica for $131m.

Aurelius Group, an asset management group, completed the acquisition of the Minova business of Orica, a provider of commercial explosives and blasting systems, for $131m. “The sale of Minova is consistent with our refreshed strategy, which identified Minova as non-core to Orica. This allows us to focus on our four key business verticals of growth - mining; quarry and construction; digital; and mining chemicals. The Minova business will benefit from new ownership with more focus and capital to support its growth,” Sanjeev Gandhi, Orica Managing Director and CEO.