Seven years after Sime Darby Bhd went through a mega-merger of all - TopicsExpress



          

Seven years after Sime Darby Bhd went through a mega-merger of all plantation companies under the Permodalan Nasional Bhd group, the group is now looking to unlock the value of its assets which is close to RM3bil. Two weeks ago, Sime Darby did not discount the possibility of acquiring a real estate investment trust and its management company in a move that was seen as unlocking some RM1.4bil in its property division. The company has disclosed that a listing of its automotive arm is an option it is considering to enhance shareholder value, and it has been reported that Sime Darby had invited investment banks to make a pitch for its listing. Analysts have estimated Sime Darby to raise some US$500mil (RM1.6bil) from the listing of its automotive arm, which is expected to take place by year-end.
Posted on: Tue, 08 Jul 2014 07:09:17 +0000

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