Malaysia's Sime Darby to sell stake in Asia JV to Columbia Asia for $1.2b

Malaysia's Sime Darby to sell stake in Asia JV to Columbia Asia for $1.2b

FILE PHOTO: The logo of Sime Darby is seen at its headquarters in Kuala Lumpur, Malaysia February 7, 2018. REUTERS/Lai Seng Sin/File Photo

Malaysian conglomerate Sime Darby said on Friday it will sell its stake in Ramsay Sime Darby Health Care, its Asia-focused healthcare 50-50 joint venture with Australia’s Ramsay Health Care, for 5.7 billion ringgit ($1.21 billion).

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