TEMPO Interactive, Jakarta:Tresna Soemardi, chief of the Business Competition Oversight Commission (KPPU), said he had received notification of six future acquisitions, four of which involved multinational companies.
“Multinational companies pay attention to acquisition reports because in advanced countries such reports are the norm,” Tresna said in a seminar on business competition in Jakarta yesterday.
The six reports included PT Komatsu Indonesia’s plans to acquire PT Pandu Dayatama Patria, the Meadown Asia Company Limited’s planned acquisition of PT Matahari, Prudential Plc’s plans to buy AIA Group Limited, and Unilever Indonesia’s plans to acquire BV Sara Lee Body Care.
Local companies that reported their acquisition plans included PT Tuah Turangga Agung in relation to PT Agung Bara Prima, and PT Bank Rakyat Indonesia’s plans to acquire PT Bank Agroniaga.
The KPPU said there were no problems with any of the acquisition plans.
Source: http://www.tempointeractive.com
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