U.S.-led group is in talks to buy key stake in Astra

Article Abstract:

Indonesian car manufacturer PT Astra International has attracted the interest of a group of American investors who are interested in acquiring a huge stake in the firm. The investors, led by Gilbert Global Equity Capital and Newbridge Capital, also include family members of William Soeryadjaya, founder of Astra. The group has sent a letter of intent stating its interest in acquiring 19.9% of the firm, which is valued at $135 million. The stake is held by the Indonesian Bank Restructuring Agency to which the automaker is heavily indebted.

United States, Asset sales & divestitures, Acquisitions & mergers, Automobiles, Automobile Manufacturing, Indonesia, Automobile industry, Newbridge Capital Ltd., Gilbert Global Equity Partners, L.P.

---

Astra sells microchip unit: U.S. Group buys Batam factory for $90 million

Article Abstract:

PT Astra International has sold its microchip plant in Batam Island to Newbridge Asia for $90 million. Astra is one of the first Indonesian companies to sell assets and Astra commented on the deal citing foreign investors' desire to enter the country. Newbridge meanwhile, comments that the deal reflects the company's confidence on the country's long term economic growth prospects.

Semiconductors and related devices, Semiconductor Devices, Semiconductor and Related Device Manufacturing, Investment Offices, Buildings and facilities, Newbridge Asia

---

Similar abstracts:

• Abstracts: Telewest confirms it isn't in talks on stake in Chello. Excite@Home says Chello deal off
• Abstracts: Bouygues to buy stake in Alstom. Arnault raises his stake in Bouyges to vover 10%. Bouygues plans to acquire Remaining 43% stake in Colas
• Abstracts: Learning Co. to buy Broderbund in stock deal valued at $416 million. Racing to build a better switch
• Abstracts: Philips plans to sell much of its stake in ASML to public. ASML wins approval for U.S. deal--finally
• Abstracts: EDS to acquire Systematics as part of push into Europe. ACS agrees to buy Lockheed unit for $825 million. Logica to acquire German IT firm for 617.3 million euros

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.