Recently, the Business Competition Supervisory Commission (KPPU) has finally started to hold the Commission Council Hearing for a comprehensive assessment of the merger and share acquisition transactions notified to the KPPU. The first hearing was conducted on the share acquisition transaction of PT Semen Grobogan by PT Indocement Tunggal Prakarsa Tbk (INTP). Towards the end of last week, the KPPU decided on a conditional approval for the said corporate action.
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