Bakrie Group (UNSP) Establishes Oil Trading Subsidiary

Jakarta, CNBC Indonesia – PT Bakrie Sumatera Plantations Tbk (UNSP) has announced the establishment of a new subsidiary, PT Bakrie Bhumi Phala. The company set it up together with PT Agrowiyana (AGW).

According to a disclosure to the Indonesia Stock Exchange (IDX), PT Bakrie Bhumi Phala operates in the wholesale trade of vegetable oils and fats. The company’s entire authorised capital has been issued and fully paid up by its shareholders. Bakrie Sumatera Plantations owns 99.5%, while AGW holds the remaining 0.5%.

The new company was established under deed No. 46, dated 20 October 2026, drawn up before notary Bima Yogie Purnama, S.H., M.Kn. Accordingly, the date of this material event is 20 October 2026.

The company hopes the establishment of the new subsidiary will support business expansion and increase its overall revenue.

Bakrie Sumatera Plantations is engaged in oil palm plantations, the processing of crude palm oil (CPO) and crude palm kernel oil (CPKO), rubber plantations and processing, as well as downstream industries based on vegetable oils.