SOE Consolidation: Seven Logistics Companies Officially Merge

Seven state-owned enterprise (SOE) subsidiaries in the logistics sector have officially merged into a single entity through the signing of a Shareholder Agreement (SHA) and a deed of merger at Pos Bloc, Jakarta, on Tuesday (30/6/2026). This consolidation marks the initial stage in the formation of a more integrated national logistics ecosystem. Daud Joseph, Chairman of the PMO Steering Committee for the Logistics SOE Consolidation and President Director of PT Pos Indonesia, stated that PT Multi Terminal Indonesia (MTI) has been designated as the surviving entity following the merger process. “We have just witnessed the signing of the shareholder agreement and the deed of merger for seven logistics SOE entities being combined into one,” Daud said. According to Daud, the consolidation resulted from an evaluation of 15 logistics SOE entities mapped by Danantara Indonesia. From the study, eight companies were deemed to have similar business characteristics, before it was finally decided that seven companies would merge in the first phase. He noted that the consolidation process could proceed relatively quickly after all the companies came under the management of Danantara Asset Management (DAM). Daud added that the consolidation will not stop at the first stage. Danantara has requested the team to conduct a study on two other entities that operate as cargo owners, specifically from the fertiliser and cement sectors. “After this, we are being asked to study the next two entities. The second phase will be the BUMN Logistics Cargo Owner phase, where the cargo owners are two products, namely fertiliser and cement products,” he said. The merged company will undergo a 12-month transition period. During this period, evaluations will be carried out to determine the company’s valuation, capital structure, and ownership composition before the final transaction is completed. Daud stated that reducing national logistics costs remains the goal of the consolidation. However, the primary focus in the first year is to ensure the integration of the seven companies runs smoothly from operational, employment, taxation, and legal aspects. “It is true, the goal is to reduce logistics costs. However, in this initial period of up to 12 months, the important thing is that these seven different limited liability companies can perform their functions well within one entity, legally, in terms of employment, operationally, and taxation, that comes first,” Daud said.