JAKARTA - Danantara Indonesia is accelerating the plan to consolidate SOEs in the logistics sector and is targeted to be completed in the first half of 2026.
This consolidation aims to streamline the number of existing SOEs, as well as make the red plate companies healthier.
COO Danantara Indonesia and Head of BP BUMN Dony Oskaria said the process of consolidating SOEs in the logistics sector is underway, marked by the appointment of a new director from PT Pos Indonesia (Persero).
"So we will start immediately. God willing, hopefully in the next four months it will be completed. It is still targeted to be completed in semester-I," he said when met in Jakarta, Monday, March 16.
Dony also admitted that he had communicated with the SOEs involved such as PT ASDP Indonesia Ferry (Persero); PT Pelayaran Nasional Indonesia (Persero) or Pelni; KAI Logistik; Angkasa Pura Logistik; Pupuk Logistik to Semen Logistik.
Furthermore, Dony said, the next step in this consolidation process is a merger or business merger.
After that, he said, Danantara will conduct a fundamental business review of all companies, there are four steps towards the formation of BUMN Logistics.
"After we conduct a fundamental business review of all our companies, there are originally four. The first is in liquidation. The second is divestment. The third is in consolidation and the fourth is restructuring," he said.
Dony said the merger was a way out for logistics SOEs so that the cost structure would be more efficient.
With the reduction in the number of entities, Dony continued, it is hoped that the performance of SOEs under the auspices of Danantara will become more solid.
"So later all BUMNs will be healthy, make the number a little," he said.
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