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TRIBUN-MEDAN.COM – The Commercial Competition Supervisory Commission (KPPU) ruled that Sari Roti's producer, PT Nippon Indosari Corpindo Tbk (ROTI), was late reporting on its operations to acquire a majority stake in PT Prima Top Boga. Nippon was sentenced to pay a fine of 2.8 billion rupees.
"In declaring that the reported part (Nippon Indosari) was proved legally and convincingly, it violated Article 29 of Law No. 5/1999 Junction Article 6 of the PP 57/2010, "said the chairman of the Council, Ukay Karyadi, reading the verdict Monday (11/26) in the meeting room of KPPU.
Article 29 of Law No. 5/1999 prohibiting monopolistic practices and unfair corporate competition stipulates that notification of mergers takes place no later than 30 days after the acquisition.
Thunder Putra Saragih, a member of the badembly, explained in his explanation to the audience that the legitimate acquisition of Prima had occurred on February 9, 2018.
However, the new Nippon announced the Prima acquisition on March 29, 2018.
"On March 7, 2018, the Commission reminded the reported party (Nippon) to report its acquisition of PT Prima Top Boga, the deadline will be extended to March 23, 2018," he said.
What is the response of Sari Roti's management?
Once confirmed, Stephen Orlando, head of Nippon's external communications, said he had to coordinate with the relevant team the possibility of submitting other legal remedies.
"I first checked with the tied team, yes," he told Kontan.co.id on Monday (11/26).
Triple money, Nippon lawyer Haykel Widiasmoko of Nusantara law firm Harman & Partners who attended the verdict also stated the following.
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