Corporate Finance/M&A, Indonesia updates

 
Exemption from mandatory tender offer requirement for tax amnesty participants
  • Indonesia
  • October 12 2016

The Financial Services Authority recently showed its support for the government's tax amnesty programme by issuing a circular letter regarding mandatory tender offers as a result of public company acquisitions. The circular letter exempts any investor that has become the controller of a public company through an acquisition from the obligation to conduct a tender offer and is meant as an incentive for investors that control public companies through nominees to participate in the programme.

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