Gajah Tunggal: Multistrada merger rumour untrue

There’s no substance to the rumour about a merger with Michelin-owned tyre maker PT Multistrada Arah Sarana Tbk, says PT Gajah Tunggal Tbk. Indonesian financial publication Kontan reports that when asked to confirm or deny the alleged transaction, Gajah Tunggal’s finance and accounting director Kisyuwono responded that the rumour is “not true”.