Further to AHP’s previous client alert on the new Komisi Pengawas Persaingan Usaha (“KPPU”) merger regulation (“New Merger Control Regulation: Asset Acquisitions are now subject to KPPU Notification”, October 2019), it now sets out further details on asset acquisitions that are subject to KPPU’s notification based on several discussions with the KPPU. This update discusses the following;
(b) Notification Thresholds
(c) Pre-Closing Procedure
KPPU has stated that it intends to publish an implementing guideline of the new merger regulation. As such, the discussion here is subject to this upcoming guideline.