Sime Darby acquires 61.2 pct stake in UMW Holdings for RM3.57 bln
KUALA LUMPUR (Aug 24): Sime Darby Bhd is acquiring a 61.2 per cent stake in UMW Holdings Bhd from Permodalan Nasional Bhd (PNB) for RM3.57 billion in cash, to further scale up and strengthen its presence in the Malaysian automotive sector. The exercise, one of the largest merger and acquisition deals in Malaysia, will strategically [...]
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