May 16 (Reuters) - Sime Darby Bhd SIME.KL -
* Sime darby relinquishes psa brands in Australia and New Zealand
* Has reached an agreement to sell its Australia and New Zealand Sime Darby Automobiles Distribution Businesses
* Acquirers are Inchcape Australia for the Australian business and the Rick Armstrong Motor Group for the New Zealand business
* Units of Sime Darby Motors enters assets sale agreements for disposal of assets relating to Peugeot and Citroen businesses in Australia and New Zealand Source text Further company coverage: SIME.KL