Sime Darby to acquire Cavpower dealership for A$500M

Sime Darby Bhd's indirect wholly owned unit SDIMA signed a share sale agreement to acquire Kuxton Pty Ltd and 98.9% of Kagera Pty Ltd, which operates the South Australian Caterpillar dealership Cavpower, for A$500 million.

“SDIMA has signed a share sale agreement or SSA to acquire the entire share capital of Kuxton Pty Ltd and a 98.9 percent capital of Kagera Pty Ltd for A$500 million or RM1.49 billion at the prevailing currency exchange rate.”niagatimes.com

• 2 sources
• niagatimes.comSime Darby in acquisition bid - NiagaTimes.ComNiagaTimesAug 15, 2023
• themalaysiavoice.comSime Darby in acquisition bid - The Malaysia VoiceTMVAug 17, 2023

Summarized from public sources; check the original articles before acting on it.