KUALA LUMPUR (Nikkei Markets) -- Malaysia's Sime Darby, the world's largest palm oil producer by acreage, Tuesday announced the sale of its vehicle distribution business in Australia and New Zealand, yet another step as the conglomerate restructures its sprawling operations. The buyers, Inchcape Australia and Rick Armstrong Motor Group in New Zealand, will take over the business that distributes Peugeot, Citroen and DS vehicles in the two countries effective June 1. Apart from the brands under French car maker Groupe PSA, Sime Darby Motors also represents other names ranging from Nissan to Ferrari in the two markets. Sime Darby said…