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S.Africa's Omnia to sell Oro Agri unit for $146.9 mln

South African chemicals and fertiliser maker Omnia Holdings said on Monday it reached an agreement with agricultural service group Rovensa to sell its Oro Agri business for $146.9 million.

Oct 19 (Reuters) - South African chemicals and fertiliser maker Omnia Holdings OMNJ.J said on Monday it reached an agreement with agricultural service group Rovensa to sell its Oro Agri business for $146.9 million.

The company, which also produces explosives, said the proceeds from the sale would be used to reduce its debt.

(Reporting by Samantha Machado in Bengaluru; Editing by Aditya Soni)

((Samantha.machado@thomsonreuters.com; Within UK +44 20 7542 1810; Outside UK +918061822699; Twitter: https://twitter.com/SamanthaM_TR;))

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