Indonesia's Astra arm United Tractors to buy $633m stake in Australian miner

Indonesia's Astra arm United Tractors to buy $633m stake in Australian miner

Logo from company website

Indonesian heavy equipment distributor United Tractors on Friday announced the signing of an agreement to acquire a stake in Australia-listed Nickel Industries — an affiliate of Chinese stainless steel giant Tsingshan Holding — for 943 million Australian dollars ($633 million).

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