Sime Darby selling Tesco stake to Thailand’s CP Retail for RM300m

Tesco outlet in Tanjung Tokong, Malaysia

KUALA LUMPUR: Sime Darby Bhd is selling its 30% stake in Tesco Stores (Malaysia) Sdn Bhd to Thailand's C.P. Retail Development Company Ltd for RM300mil.

It said on Wednesday its units Sime Darby Allied Products Bhd and Sime Darby Holdings Bhd had entered into conditional agreements with C.P. Retail Development Company Limited, Tesco Holdings B.V. and Tesco PLC to divest its 30% stake in Tesco.

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Sime Darby , Tesco Stores , C.P. Retail Development , Jeffri Salim Davidson

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