Astra stake in joint venture firm to fall

Newswire

JAKARTA, June 25 (Reuters) - Indonesian auto conglomerate PT Astra International , struggling with millions of dollars of debt, said on Tuesday its stake in a joint venture firm with Japan's Daihatsu Motor Co would drop by around 20 percent this year. Daihatsu plans to inject capital into vehicle producer PT Astra Daihatsu Motor Co to help it expand but analysts said the cash-strapped Indonesian side of the joint venture didn't want to be part of the deal as it moves away from auto ...

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