Tesco stake sale seen as in line with Sime Darby’s plan

PETALING JAYA: The proposed disposal of Sime Darby Bhd’s 30% stake in Tesco Malaysia will be in line with the plantation giant’s move to dispose of its non-core business and ease future cashflow.

MIDF Research, in a report yesterday, noted that Tesco Malaysia only accounted for 0.6% of Sime Darby’s total earnings last year.