Back in July 2024, the Business Competition Supervisory Commission (KPPU) began an investigation into alleged violations related to corporate actions carried out by PT Tamaris Hidro Tbk (TYRO), a hydropower operator and part of the Salim group. The alleged violation in question was the delay in notification of the takeover of shares in PT Sumber Baru Hydropower. Far from media coverage, the KPPU declared PT Tamaris Hidro guilty towards the end of 2024, but the company resisted and filed for an objection. We recently learned that the objection was granted and the KPPU decision was annulled. To subscribe please click here
