Astra to sell unit to Toyota for $226 mln

Newswire

JAKARTA, May 22 (Reuters) - Shareholders of Indonesian carmaker Astra International agreed on Thursday to sell the firm's production and manufacturing unit, Toyota Astra Motor (TAM), to Japan's Toyota Motor Corp . "The shareholders have given their approval to sell 46 percent of Toyota Astra Motor to Toyota Motor Corp for $226 million," Astra said in a statement.

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