JAKARTA - Danantara's Chief Operating Officer (COO), Dony Oskaria, announced the dissolution or spin-off of the business line of PT Danareksa (Persero). The decision was ratified through the Danareksa General Meeting of Shareholders (RUPS) held yesterday.
One of the main steps in the restructuring is to separate the Danareksa industrial area sub-cluster and form a new state-owned holding company that will manage all state-owned industrial areas.
"There is a new holding that specifically handles our entire area. Andareksa is no longer there (industrial area business cluster)," Dony told reporters, Tuesday, May 26.
For information, Danareksa has four main business clusters, namely sub-clusters of industrial areas, financial services, construction, and media and technology.
In the industrial area sub-cluster, Danareksa oversees six companies, namely PT Kawasan Industri Medan (KIM), PT Kawasan Industri Wijayakusuma (KIW), PT Kawasan Berikat Nusantara (KBN), PT Kawasan Industri Makassar (KIMA), PT Surabaya Industrial Estate Rungkut (SIER), and PT Jakarta Industrial Estate Pulogadung (JIEP).
Through this restructuring, continued Dony, all industrial areas will be under a new holding called the Indonesian Industrial Area.
"The area will be called the Indonesian Industrial Area," said Dony.
The head of BP BUMN explained that so far the management of industrial areas is still mixed with other business lines so that it is less focused. Therefore, the business model will be changed so that the management is more focused.
"The business model we change. So focus on the area. There is no more mixed," he said.
Meanwhile, Danareksa will be focused only on the asset management business or asset management. According to Dony, Danareksa's identity will be returned as a holding that specifically manages the sector.
"If the asset management becomes one, the holding will be called Danareksa, we will return it to Danareksa," he said.
Danareksa's asset management business has been in the financial services sub-cluster which includes PT Perusahaan Pengelola Aset (PPA), PT Danareksa Capital, PT Danareksa Finance, PT BRI-Danareksa Sekuritas, and PT BRI Investment Management.
For the securities business line, Dony said it would be consolidated into two large entities, namely Mandiri Sekuritas and BNI Sekuritas.
Dony explained that this spin-off and restructuring step is part of the large agenda of state-owned enterprise consolidation being carried out by the government and Danantara. The program is aimed at reducing the number of state-owned enterprises from around 1,400 companies to only around 300 companies.
Furthermore, Dony targets that the consolidation can be completed this year.
"We try everything. Because we have to catch the momentum as well. So that this year the legal process is complete, next year we will enter the operational process. We have to be optimistic," he said.
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