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Nikkei Markets

Malaysia's Sime Darby looking to sell Tesco stake

Conglomerate to continue selling non-core assets as 2Q net profit falls 11%

Sime Darby says it will continue to sell non-core assets and is currently in advanced talks to sell five such businesses.   © Reuters

KUALA LUMPUR (Nikkei Markets) -- Malaysian automotive-to-healthcare conglomerate Sime Darby, which reported a 11% decline in its fiscal second quarter net profit, is looking to sell its entire 30% stake in hypermarket chain Tesco Malaysia, its chief executive said Wednesday.

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