UPDATE 1-Astra to sell unit to Toyota for $226 mln

Newswire

(Adds details, background, closing shares) JAKARTA, May 22 (Reuters) - Toyota Motor Corp has strengthened its foothold in the Indonesian car sector after shareholders of PT Astra International agreed on Thursday to sell a key stake in its manufacturing and distribution unit to the top Japanese auto maker. "The shareholders have given their approval to sell 46 percent of Toyota Astra to Toyota Motor Corp for $226 million," Indonesia's leading car maker, Astra International, said in a ...

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