( August 11, 2025, 13:25 GMT | Official Statement) -- MLex Summary: Japanese trading house Mitsui & Co. and its Australian unit have been fined 1 billion rupiah ($61,400) by the Indonesian Competition Commission, or KPPU, for notifying a 2022 acquisition one working day after the legal deadline. The companies have admitted they submitted the notice for their acquisition of shares in Australia’s Position Partners — the parent of geo-spatial and mining contractor Position Partners Indonesia — on Aug. 10, 2022, one day late. Under Indonesian merger control rules, deals must be notified within 30 working days of becoming legally effective. Position Partners is now known as Aptella Pte. Ltd.The full statement, in Indonesian, follows:...
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.