PT Astra International Tbk (ASII) has launched a voluntary tender offer for shares in its subsidiary, PT Astra Otoparts Tbk (AUTO). The offer covers up to 238.44 million shares, equivalent to a 4.95% stake. Astra is offering IDR 3,600 per share, a premium to the market price. The transaction could be worth approximately IDR 858.39 billion, or around $55 million.
If fully subscribed, the offer would raise Astra International’s ownership in the automotive components manufacturer from 80% to nearly 85%. The move is part of Astra’s broader strategy to strengthen its core business pillars, particularly automotive. The offer period runs from October 13 to November 11, 2026. Astra will fund the transaction from its internal cash reserves.