Berjaya Corporation (BCorp) has announced that it has sold its entire 51% stake of 6.12 million shares in Berjaya Auto Alliance (BAASB) to Bermaz Auto (BAuto) and other shareholders for RM6.67 million. The sale was …
Berjaya Corporation has announced that it has sold its entire 51% stake of 6.12 million shares in Berjaya Auto Alliance to Bermaz Auto and other shareholders for RM6.67 million. The sale was announced yesterday via a statement issued by BCorp.in December last year. Besides Peugeot, the deal also included the rights to provide after-sales and spare parts for Citroen and DS in the country.
Originally, BAuto had a 20% interest in BAASB, but the company announced that it had acquired an additional 35% stake in the venture as a result of the sale. BAuto is of course not directly affiliated with Berjaya – the current Mazda distributor was spun off after a management buyout in 2016.
He said that BCorp recognised that it would be more synergistic for BAuto to acquire BAASB. “BAuto’s capabilities and expertise in the automotive industry has been proven by its tremendous success and impressive track record in running the Mazda business, and we are confident that it will be able to do well in replicating the same business success for Peugeot,” Jalil said.
Sime Darby has Hyundai and Porsche. And a JV with Sisma Auto for Jaguar Land Rover franchise. Its Auto Bavaria now ranks as Super Dealer only so doesnt count here.UMW has toyota, lexus and perodua Ever since BAuto took over, it has not held it end of the bargain and it hard to say but Peugeot services has gotten worse. I bought a cbu 3008 in 2017 and i only enjoyed the service during my first year. Its all downhill from there. Stellantis please save the brand.