Indonesia’s antitrust watchdog has fined Mitsui & Co., Ltd. and its Australian subsidiary Rp 1 billion (about USD 68,000) for notifying a takeover one day late.
The Business Competition Supervisory Commission (KPPU) ruled on August 11 that Mitsui & Co., Ltd. and Mitsui & Co. (Australia) Ltd. violated Article 29 of Law No. 5/1999 in conjunction with Article 5 of Government Regulation No. 57/2010. The case concerned the 2022 acquisition of Australian firm Position Partners Pty. Ltd., now known as Aptella Pty. Ltd.
Before the deal, Mitsui Australia owned 12.06% and Mitsui Japan 8.04% of Position Partners. Following separate payments on June 29, 2022, the two entities jointly controlled 50.00001% of the company—exceeding Indonesia’s merger notification thresholds of Rp 2.5 trillion in assets or Rp 5 trillion in sales. Under the rules, the acquisition should have been reported to KPPU by August 9, 2022.
The companies submitted their notification on August 10—one working day late. In hearings, both firms admitted the delay and acknowledged an error in calculating the reporting deadline.
KPPU’s three-member panel, chaired by Eugenia Mardanugraha, ordered the fine to be paid jointly within 30 days of the ruling becoming final.
Source: https://kppu.go.id/wp-content/uploads/2025/08/Siaran-Pers-No.-060_KPPU-PR_VIII_2025.pdf
