Acquiring Company
Chandra Asri Pacific
Acquired Company
Jardine Cycle & Carriage
SingaporeSingaporeManufacturingEnergyOil And GasOil And GasLogisticsDescription
Chandra Asri Pacific has agreed to acquire Jardine Cycle & Carriage's car dealership business in Malaysia and Singapore for S$265 million. This marks Chandra Asri's entry into the automotive industry, complementing its existing energy business. The acquisition is subject to partner approvals and customary conditions. The deal reflects Jardine's strategy to focus on its core markets while providing value to its shareholders.
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Based on deal dataFrequently asked
Who acquired Jardine Cycle & Carriage?
Jardine Cycle & Carriage was acquired by Chandra Asri Pacific, based in Singapore. The deal was reported on August 21, 2026. Chandra Asri Pacific is a leading integrated petrochemical company in Indonesia. It produces a wide range of products for various industries, including automotive and packaging. Chandra Asri Pacific is privately held and operates in Manufacturing.
When did Chandra Asri Pacific acquire Jardine Cycle & Carriage?
Chandra Asri Pacific's acquisition of Jardine Cycle & Carriage was reported on August 21, 2026. Chandra Asri Pacific has agreed to acquire Jardine Cycle & Carriage's car dealership business in Malaysia and Singapore for S$265 million. This marks Chandra Asri's entry into the automotive industry, complementing its existing energy business. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Jardine Cycle & Carriage do?
Jardine Cycle & Carriage is an investment company engaged in a diverse range of businesses. It operates across sectors such as automotive, logistics, and financial services. The company aims to create value through investments and strategic partnerships. It is privately held, operating in Oil And Gas, and is based in Singapore.
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