Continental in Sime Malaysia tyre venture


KUALA LUMPUR, June 26 (Reuters) - Malaysian conglomerate Sime Darby Bhd said on Wednesday German tyre and auto components group Continental AG plans to take up an equity stake in Sime's merged tyre business. In April, Sime unveiled a reorganisation plan for its tyre manufacturing subsidiary DMIB Bhd , which will involve taking the unit private. Under the revamp, DMIB will be taken over by a new company, Merit Manuafacturing Sdn Bhd, which will be wholly owned by Sime. Sime, one of ...

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