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Announced

Astra and Toyota to form a joint venture.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

Indonesia

Pending

commercial vehicles

rental vehicles

Single Bidder

Friendly

Domestic

Rental Services: Consumer

Joint Venture

Majority

Synopsis

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Astra, a car manufacturer, and Toyota, company which manufactures, sells, leases, and repairs passenger cars, trucks, buses, and their related parts worldwide, agreed to form a joint venture, to provide commercial vehicle rental services. “The establishment of this joint venture will expand and strengthen the partnership between Astra and Toyota. We hope that PT Mobilitas Digital Indonesia can play a role in increasing the smooth mobility of distribution and transportation flows in Indonesia,” Djony Bunarto Tjondro, Astra President Director.

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