Jardine C&C said to explore sale of car dealership in Malaysia and Singapore
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Jardine Cycle & Carriage, a unit of Jardine Matheson Group, is exploring the sale of its car dealership in Malaysia and Singapore, potentially valued between US$250 million and US$350 million. The company is working with an adviser and has contacted potential buyers, although a sale is not guaranteed. Jardine Matheson owns approximately 85% of Jardine C&C, which offers brands like Mercedes-Benz and Mitsubishi. Jardine C&C shares have risen about 27% over the past year, with a market value of S$12.8 billion.
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