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Mitsui fined in Indonesia for notifying merger one day late

( 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:...

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