Legitimate! Gojek Owns Shares In Blue Bird

Photo of Gojek driver (Irvan Meidianto / VOI)

JAKARTA - Gojek officially owns a portion of shares in PT Blue Bird Tbk (BIRD). Where previously the ride-hailing company bought a number of Blue Bird shares worth IDR410 billion.

This means that PT Aplikasi Karya Bangsa, the parent company of Gojek, owns 4.33 percent of the taxi company. This was conveyed by BIRD management in its share disclosure statement.

"We welcome the interest of the Karya Anak Bangsa App to invest through the purchase of BIRD shares," said Blue Bird President Director Noni Purnomo in a press release, Friday, February 21.

Even though Gojek has become a minority shareholder in Blue Bird. However, PT Pusaka Citra Djokosoetono, is still listed as the controlling shareholder with ownership of 31.51 percent of BIRD shares.

According to him, the joining of Gojek as a shareholder shows that the company is a strategic partner. "We also believe this step will strengthen collaboration between the two companies," said Noni.

The same thing was conveyed by the President Director of Blue Bird Group Holding Kresna Djokosoetono. "We have confidence in Gojek where this is also realized through the purchase of shares," he said.

Meanwhile, Gojek Co-CEO Andre Soelistyo said, to become the largest on-demand service provider in Southeast Asia, companies need strong partners. This collaboration is also believed to be able to improve the services of the two transportation companies in Indonesia.

"Which allows us to improve the quality of life of the people. It allows us to improve two main services in Indonesia, namely payment and transportation, "continued Andre.

Previously, Blue Bird's parent company, PT Pusaka Citra Djokosoetono, was reported to have sold more than 108 million shares or 4.33 percent of Blue Bird's shares at a price of IDR 3,800 per share. The transaction took place on February 13, 2020. However, without informing who the buyer was.

Along with this agreement confirmed the previous report, in which Gojek and Blue Bird were negotiating to develop a business together. Moreover, the two of them are currently competing with Grab, which first widened its market in Indonesia.

Not to mention Blue Bird, which has a long-term expansion plan by adding an electric taxi fleet. The company is targeting to add 200 units of electric cars as its fleet by 2020. Of course this plan requires a large amount of money to be realized.

Meanwhile Gojek has grown into a large company bearing the title Decacorn in Indonesia. This significant growth was driven by increased consumer demand for integrated services from Gojek.

Where, Gojek has partnered with more than 2 million driver partners, 400 thousand merchant partners and 60 thousand service providers in Southeast Asia. Where Gojek has paved Vietnam, Thailand and Singapore.