PT Semen Indonesia (Persero) Tbk (SMGR), also known as SIG, is\npreparing to restructure several of its subsidiaries by merging seven\ncompanies into PT Semen Indonesia Distributor (SID).<\/p>\n
This plan is part of the company\u2019s business structure realignment.\nAccording to corporate documents included in SMGR\u2019s interim financial\nreports, the company and several subsidiaries signed a Conditional\nMerger Agreement on 21 August 2026.<\/p>\n
The seven subsidiaries to be merged into SID include PT Semen Kupang\nIndonesia, PT Semen Indonesia International, PT Bima Sepaja Abadi, PT\nBima Sepaja Abadi Logistik, PT Sepatim Batamtama, PT Sinergi Informatika\nSemen Indonesia, and PT Sinergi Mitra Investama.<\/p>\n
Under this scheme, SID will act as the surviving entity, while the\nseven companies will be the merging entities.<\/p>\n
The merger is intended to organise and strengthen a more integrated\nbusiness portfolio for building material distribution. Through this\nconsolidation, SIG also aims to simplify the structure of subsidiaries\nthat have previously operated various functions separately.<\/p>\n
In addition to the seven companies being merged into SID, SMGR is\nalso preparing to merge three other subsidiaries into PT Varia Usaha\nBeton (VUB). These three companies are PT Semen Indonesia Beton, PT\nSolusi Banguna Beton, and PT Readymix Concrete Indonesia. Consequently,\na total of 10 subsidiaries are planned to merge into two receiving\nentities, namely SID and VUB.<\/p>\n
The process for merging the seven subsidiaries into SID must still\nundergo several stages before becoming effective.<\/p>\n
Based on the indicative schedule in the merger draft, the publication\nof the merger summary and notification to employees is scheduled for 1\nSeptember 2026. Subsequently, creditors will be given the opportunity to\nsubmit objections until 15 September 2026.<\/p>\n
Corporate approval at the shareholder and creditor levels is targeted\nfor completion by 18 September 2026. Following this, the circular\nresolution of shareholders from the seven merging entities and the\nsigning of the Merger Deed are targeted for 1 October 2026.<\/p>\n
The merger plan remains subject to the fulfilment of requirements and\nregulatory approvals, including approval from the Minister of Law\nregarding changes to SID\u2019s articles of association.<\/p>\n
Regarding labour, the merger is fundamentally not intended to result\nin any redundancies. The employment relationship of employees from the\nmerging companies will transfer and continue under SID, with their\nlength of service, rights, and obligations being strictly\nmaintained.<\/p>\n
Once the merger is effective, SID will gradually harmonise employment\nterms and human resource policies.<\/p>\n
This consolidation step is part of SIG\u2019s agenda to streamline its\nsubsidiary structure, strengthen the integration of its distribution\nbusiness, and increase the effectiveness of business management within\nthe group.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/smgr-plans-merger-of-7-subsidiaries-to-be-absorbed-into-sid-1788314150", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }