Singapore's Jardine Cycle & Carriage inks over $60 mln deal with online car marketplace Carro

Jardine Matheson Southeast Asia

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;))