JAKARTA - The government plans to merge or merge SOEs in the work sector from seven to three companies. However, the merger process is predicted to take longer, especially for open companies.
President Director of Adhi Karya Entus Asnawi revealed that the merger process will be long enough for open companies such as Adhi Karya, because the company is already under contract or agreement with outside parties.
"We are still in the process, maybe for this Tbk because there is a lot to do with outside parties, then maybe the process will be a little longer than the non-Tbk one," he said at a virtual Public Expose Live event, Monday, September 8.
Entus said that his party was still waiting for a decision from the Anagata Nusantara Investment Management Agency (BPI Danantara), especially regarding the selection of merger models.
Furthermore, Entus said whether open companies are combined with open ones, or non-open with non-open ones. However, it could also be non-open to open companies.
"Especially for this Tbk company, it seems that it must also be broken down, because we have agreements such as bonds, foreign cooperation, then also for example foreign party guarantees and others. We must first solve this one by one, whether it is possible or not," he said.
Moreover, continued Entus, a number of BUMN works are also facing a difficult phase that requires policies from the Danantara. Where several companies are recorded to have large debts and losses.
"Incidentally, there are also tough situations between us, which must also get support in the form of policies and decisions from the Danantara," he said.
Entus emphasized that in principle the purpose of the company's merger is to create more competitive company financial power, including strength in terms of competence in handling an infrastructure project.
"Integration is not an option for us, but this is certainty for how we can improve in the future, for example in terms of finance, then in terms of competition, then in terms of competency management that we previously had, especially those in Adhi Karya," he said.
BACA JUGA:
For your information, the government through the Ministry of SOEs together with Danantara Indonesia plans to merge the current state-owned enterprises. The goal is that each company can focus according to its specialities.
The seven SOEs that will be merged are PT Waskita Karya (Persero) Tbk. PT Hutama Karya (Persero), PT Brantas Abipraya (Persero), PT Nindya Karya (Persero), PT Adhi Karya (Persero) Tbk, PT Wijaya Karya (Persero) Tbk, PT Pembangunan Perumahan (Persero) Tbk.
The plan is for PT Waskita Karya (Persero) Tbk to join PT Hutama Karya (Persero). Then, PT Adhi Karya (Persero) Tbk will become the holding holding holding for Brantas Abhipraya and Nindya Karya. Third, combining PT Pembangunan Perumahan (Persero) or PTPP with PT Wijaya Karya (Persero) Tbk.
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