KUALA LUMPUR: Sime Darby Bhd has acquired the enterprise belongings and properties of three luxurious automotive dealerships in Sydney, Australia for A$112mil (about RM321mil) in a bid to broaden within the nation’s retail luxurious section.
The group mentioned in an announcement that the dealerships signify the BMW, MINI, Volkswagen, Jaguar and Land Rover marques.
With the acquisition, Sime Darby Motors could have enhanced presence and model visibility in Parramatta, which is one in every of Sydney’s most recognised automotive retail areas, it mentioned.
The acquisition agreements had been entered into by Sime Darby Motors Sdn Bhd and Trivett, the automotive retail unit of Inchscape Australia Ltd.
The proposed acquisition is predicted to be accomplished by early December 2019.
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