Brantas Abipraya to cut 29 entities as part of SOE transformation
Jakarta (ANTARA) - PT Brantas Abipraya is nearing the completion of a process to cut 29 of its business entities as part of a corporate transformation aimed at returning focus to its core business as a contractor.
“I hope that after this cleansing process is finished, the company will truly focus on the contracting business. Brantas will remain as the parent company, and this includes one of the healthiest companies,” said the Head of the SOE Agency and COO of Danantara, Dony Oskaria, in an official statement confirmed by ANTARA in Jakarta on Thursday.
Dony met with the board of directors of PT Brantas Abipraya to discuss the progress of the transformation process and the restructuring of the company’s business entities.
Through this streamlining process, Brantas Abipraya will simplify its business structure by retaining only the parent company and terminating the existence of subsidiaries deemed no longer necessary to support its primary business focus.
Dony believes this step serves as a momentum for Brantas Abipraya to strengthen the company’s fundamentals and increase its focus on the contracting business.
He also encouraged Brantas to be one of the state-owned construction companies (BUMN Karya) to complete the restructuring process most rapidly.
The transformation of Brantas Abipraya is part of a comprehensive restructuring agenda for all state-owned construction companies.
The simplification of the business structure is expected to reduce inefficiency, strengthen governance, and make the company more focused and competitive in conducting its core business.
As of 31 July 2026, a total of 274 SOEs and their subsidiaries have been restructured through processes of liquidation, merger, and divestment.
The SOE Agency, together with Danantara, continues to mature the direction of SOE transformation through the preparation of a five-year strategic roadmap to serve as a guide in building healthier, more competitive, and value-oriented state-owned enterprises.
Through this roadmap, the SOE Agency and Danantara are committed to accelerating the overall transformation of SOEs, ranging from strengthening business fundamentals, talent development, and technology utilisation, to increasing global competitiveness.
Through these stages, the SOE Agency and Danantara aim to foster the emergence of Indonesian SOEs that are increasingly resilient, highly competitive, and capable of competing on a world stage, including entering the Fortune 500 rankings.