Singapore's Jardine Cycle & Carriage inks over $60 mln deal with online car marketplace Carro
16/06/2023 04:07
June 16 (Reuters) - Singapore-based investment holding
company Jardine Cycle & Carriage Ltd JCYC.SI said on Friday it
was partnering with online used car marketplace Carro in a deal
worth over $60 million.
Under the partnership, JC&C will take an interest in Carro,
and Carro will acquire an interest of equivalent value in JC&C's
used car business, Republic Auto.
(Reporting by Echha Jain in Bengaluru)
((Echha.Jain@thomsonreuters.com;))
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