Palace Reveals Planned Merger-Acuision Of GoTo-Grab, Danantara Will Be Involved

JAKARTA - Minister of State Secretary Prasetyo Hadi said there was a plan to merge between PT GoTo Gojek Tokopedia Tbk (GoTo) and Grab.

"That's the plan," said Prasetyo at the Merdeka Palace, Jakarta, Friday, November 7, as reported by ANTARA.

Prasetyo said the discussion of the merger was part of a wider discussion regarding the draft presidential regulation (perpres) related to online motorcycle taxis.

According to him, the Danantara Investment Management Agency (BPI) will be involved in this process of merging the two companies.

"Approximately (Danantara is involved)," he said.

Prasetyo conveyed that the plan to merge the two companies was still in the form-finding stage, which could be a merger or acquisition.

"Yes, the scheme is still being sought," he said.

Prasetyo explained that this process is related to the government's efforts to find common ground between the interests of driver-partners and applicator companies, including those related to service rates.

He emphasized that the direction of this discussion was aimed at ensuring the sustainability of the online transportation ecosystem, which has played a major role in driving the people's economy.

"Because after all this company is a service where a workforce is created, our brothers and sisters who are partners are quite large, and now we realize that ojol is an economic hero, moving the economy. So the main goal is to get there," said Prasetyo.

As for the progress of the formation of the Presidential Decree on online motorcycle taxis, he said the regulation was still being refined.

"It is being perfected. In terms of being equipped from various parties, yes. Both friends of ojol partners and friends of applicators," he said.