UPDATE 1-Sime Darby seeks $500 mln by listing automobile unit-sources

Newswire

(Adds company comment, details) KUALA LUMPUR, July 4 (Reuters) - Malaysia's Sime Darby Bhd , the world's top oil palm planter by landbank size, is seeking to raise about $500 million by listing its automobile unit as early as this year, people familiar with the matter said on Friday. Sime Darby has invited banks to make a pitch to win the IPO mandate, they added. The plantations-to-motoring conglomerate had earlier flagged possible listings of some units to ...

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