UPDATE 1-Malaysia's Sime to finalise BMW talks by year-end

Newswire

(Adds details, quotes) KUALA LUMPUR, Oct 31 (Reuters) - Malaysian conglomerate Sime Darby Bhd , which has interests ranging from plantations to power, said on Thursday it hoped to finalise the future of its BMW wholesale car franchise by the end of this year. German automaker BMW AG plans to set up a company to handle the Malaysian wholesale business, with a Sime subsidiary retaining assembly and retailing rights. Sime wants to retain some interest in the wholesaling. "They are not ...

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