Malaysia's Sime Darby shelves $500 mln motor business IPO plan

May 5, 2015 10:02 AM

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KUALA LUMPUR May 5 (Reuters) - Malaysia's Sime Darby Bhd , the world's largest listed palm oil firm, has indefinitely postponed an initial public offering of its automotive business that bankers had said could raise up to $500 million.

The company had in February deferred the IPO of Sime Darby Motors to the second half of this year but three people with direct knowledge of the matter said the deal had been put off for now.

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