Indonesian logistics company faces hearing over late merger notification
( May 26, 2026, 05:59 GMT | Official Statement) -- MLex Summary: The Indonesian Competition Commission said it held an initial hearing on Monday over allegations that logistics firm PT Semangat Logistik Andalan failed to notify the regulator on time about its acquisition of PT Swift Logistic Solutions. In a statement on Tuesday, the regulator said the case stems from PT Semangat Logistik Andalan’s 2024 acquisition of a 99.68 percent stake in PT Swift Logistic Solutions for 4.9 billion rupiah ($275,390). The commission's investigators allege the transaction notification was submitted four working days past the deadline. The next hearing is scheduled for June 8, 2026.Statement follows (in Indonesian)....
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