BCorp disposes of entire stake in Peugeot dealership

In a statement, BCorp group CEO Jalil Rasheed (pic) said the company is in the process of transforming into a diversified consumer group with focused business verticals and the divestment is part of the restructuring and rationalisation exercise to divest our non-core assets to create and enhance shareholder value.

PETALING JAYA: Berjaya Corp Bhd (BCorp) has disposed of its entire 51% stake in Peogeot distributor Berjaya Auto Alliance Sdn Bhd (BAASB) for RM6.67mil cash to other minority shareholders, including Bermaz Auto Bhd.

The deal will increase Bermaz’s stake in BAASB to 55% from 20% previously.