#Merger
Danantara mulls merger of Pelita Air and Garuda Indonesia
The sovereign wealth agency, BPI Danantara, is studying the potential merger between state-owned carriers Pelita Air and Garuda Indonesia in an effort to boost efficiency and optimize resources.
Pertamina to merge 3 subsidiaries to boost efficiency, align with Danantara vision
State energy company PT Pertamina has planned to merge the operations of three key subsidiaries − PT Pertamina Patra Niaga, PT Pertamina International Shipping, and PT Kilang Pertamina Internasional − as part of the strategy to improve efficiency and align with the direction set by the State sovereign wealth agencyBPI Danantara.
Elnusa–PDSI merger plan seen as potential growth catalyst for Pertamina Group
Market speculation about a potential merger between Pertamina Group companies − PT Elnusa (ELSA) and PT Pertamina Drilling Services Indonesia (PDSI) − has grown stronger, with analysts viewing the move as a potential inorganic growth driver for Elnusa.