KUALA LUMPUR: Sime Darby Bhd
is expanding its automobile distribution business via the acquisition of stakes in two related companies in Singapore and Vietnam for RM113.95mil which are involved in the distribution of BMW automobiles.
It said on Friday that Sime Singapore Ltd was acquiring 89.15% of Europe Automobiles Corporation Holdings Pte. Ltd (EACH) for US$29.59mil (RM93.73mil) cash consideration.
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