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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.