April 25, 2026 | 08:24 am
TEMPO.CO, Jakarta - Danantara Indonesia Investment Management Agency targets to complete the merger of State-Owned Enterprises (BUMN) in all sectors by this year. Sahala Situmorang, Managing Director Finance of Danantara Asset Management, said that all sectors are a priority in this merger action plan.
Last year, Sahala said that Danantara prioritized BUMN mergers in several sectors. The merger process is planned to be executed within three to five years. "Our mandate now is to complete the merger this year. So, we have to finish it this year," he said at the Fitch on Indonesia 2026 event in Jakarta on Thursday, April 23, 2026.
Sahala mentioned that, according to Danantara's analysis, consolidation is the main solution to the issues faced by BUMN. He said that this strategy will direct BUMN to focus on its core business.
The former Executive Director of Deloitte Consulting Southeast Asia claimed that consolidation efforts have begun to bear fruit, one example being the energy sector. Sahala stated that business mergers within the upstream sub-holding have resulted in cost savings of approximately US$400 million per year.
The merger strategy is also expected to significantly boost synergy within BUMN. "At least in terms of size, only in terms of size, procurement will be greatly affected," Sahala said.
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