Merger & Acquisition Updates

PT Rehabilitasi Lingkungan Indonesia, a company owned 100% by coal giant Adaro Energy (ADRO), has notified the Business Competition Supervisory Commission (KPPU) regarding its plan to acquire a company controlled by Kalla Group. Phapros, pharmaceutical subsidiary of state-owned trading firm Rajawali Nusantara (RNI), meanwhile, has acquired PT Lucas Djaja Group.

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