Sime Darby Motors, the automotive arm of Malaysia-based multinational conglomerate Sime Darby Bhd, is expanding its BMW dealership operation to Australia. It’s entering Australia’s luxury market via the 238.4 million ringgit ($73.9 million) acquisition of a 70% stake in Brisbane BMW Group, consisting of LMM Holdings and Brisbane BMW Unit Trust, as well as 100% proprietorship rights of the land and buildings. The Brisbane BMW Group has two BMW dealerships and one Mini and ...

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