SEA Deal Ticker
Indonesia's chemicals giant now sells Singapore's Mercedes: Chandra Asri takes JC&C's car business for $207M
PT Chandra Asri Pacific pays S$265 million plus up to S$30 million in earn-outs for ten Singapore subsidiaries, the Malaysian holdings and the Cycle & Carriage trademarks — Mercedes-Benz, Kia, Mitsubishi, Peugeot and Leapmotor across nearly 20 sites.
Positive-sum angle: The dealerships that fed 86% of JC&C's regional profit contribution now anchor an Indonesian group's push beyond petrochemicals, and Leapmotor gains a distributor with balance-sheet depth in two markets.