Towards the end of the year, the Business Competition Supervisory Commission (KPPU) began conducting an examination of Compagnie Financière Michelin, société par actions simplifiée, à Associe Unique (CFM) in its acquisition transaction of PT Royal Lestari Utama (PT RLU). In the existing legal provisions, acquisition transactions that reach a certain value must be notified to the KPPU within a specified time frame, but when this agreement was finalized in 2022, the parties only made the notification past the deadline. Hence, the examination.To subscribe please click here
