Moya Holdings Asia sees dismissal of lawsuit against latest acquisition

MOYA Holdings Asia an Indonesian water company - on Monday said the Indonesian Supreme Court has dismissed a class action lawsuit against a unit of Moya's recent acquisition, Acuatico.

The decision dismisses a class action lawsuit launched in November 2012 by 12 individuals, who had sought to terminate the policy on privatisation of drinking water in Jakarta.

With the acquisition of Acuatico, Moya - formerly known as Dayen Environmental - is now the largest water company in Indonesia.