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Michelin unit in Indonesia fined for 3-day delay in merger notification

By Roffie Kuniawan ( June 10, 2025, 14:16 GMT | Insight) -- French multinational Michelin’s Compagnie Financiere Michelin unit, or CFM, was today fined 1 billion rupiah ($61,500) in Indonesia for being three days late in notifying the antitrust regulator of its 2022 acquisition of shares in rubber producer Royal Lestari Utama.French multinational Michelin’s Compagnie Financiere Michelin unit, or CFM, has been fined in Indonesia for being three days late in notifying the antitrust regulator of its 2022 acquisition of shares in rubber producer Royal Lestari Utama....

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