Astra ups stake in Astra Agro

JAKARTA: Automotive giant PT Astra International has spent around Rp 34.6 billion (US$3.8 million) on 15.97 million shares in its plantation subsidiary PT Astra Agro Lestari, at a price of Rp 2,166 per share.

In a report to the Jakarta Stock Exchange on Tuesday, Astra said that the purchase would increase the company's overall stake in Astra Agro to 992.20 million shares, or 65 percent, from 976.23 million (63 percent). -- JP