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ARTICLE · 25 SEPTEMBER 2024

Recent Developments Related To M&A In Indonesia

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There have been at least three significant developments in Indonesia in the past three years related to M&A transactions.

IndonesiaCorporate/Commercial Law
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There have been at least three significant developments in Indonesia in the past three years related to M&A transactions.

Foreign Direct Investment

In May 2021, Indonesia made significant changes to its foreign investment policies through Presidential Regulation (PR) No. 10 of 2021, later amended by PR No 49 of 2021 (PR 10/2021 as amended).

This regulation opened up several sectors to foreign investment, making it easier for international investors to own businesses in Indonesia and likely boosting M&A activity in the country. Key sectors that saw restrictions eased for foreign investment include the following:

  • Construction: now fully open to 100% foreign ownership.

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