Lazard sells one-month old Astra stake

May 31, 2000

Singapore's Cycle and Carriage (C&C), which last month led a consortium to buy a $506 million stake in Indonesia's leading car-maker Astra, is now in talks to buy an additional 3.9% stake - 103 million shares - from its fellow consortium member, Lazard Fund Asia.

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News analysis IFLR Magazine June 2000