Danantara Evaluates Commercial Return of Proposed GoTo-Grab Merger

2 weeks ago 16

November 11, 2025 | 02:52 pm

TEMPO.CO, Jakarta - Chief Investment Officer of Danantara Indonesia Investment Management Agency, Pandu Sjahrir, stated that the decision on the merger of the giant online transportation PT GoTo Gojek Tokopedia and Grab Indonesia is entirely left to the two companies. Nevertheless, Danantara and the government will continue to monitor the process.

Pandu stated that the primary priority remains on the fundamental aspects of inter-company business or business-to-business (B2B). "The government also provides input, and we will certainly follow the government's input. But the most important thing is the B2B aspect," said Pandu at Wisma Danantara, Jakarta, on Tuesday, November 11, 2025.

Danantara will continue to provide support on the condition that the merger generates financial benefits for the company. "Because the commercial return aspect is also crucial. So, we have to safeguard that," he said.

The Chairperson of the Indonesian Fintech Association (Aftech) expressed caution before offering an opinion on the GoTo-Grab merger. This is because both are leading digital transportation companies. He emphasized that while the government's input and desires are undoubtedly good, the focus must remain on the B2B principles between companies.

The plan to merge the two companies was previously confirmed by the State Secretary Minister Prasetyo Hadi at Istana Merdeka, Jakarta, on Friday, November 7, 2025. Prasetyo stated that discussions about this merger were held during the government's deliberations on the draft presidential regulation (Perpres) regarding online motorcycle taxis.

He also mentioned that Danantara will be involved in the process of merging the two companies. "Probably (Danantara will be involved)," he said as quoted from Antara. Prasetyo conveyed that they are still seeking a plan for merging the two companies. It could be either a merger or an acquisition.

The Director of Legal and Group Corporate Secretary of PT GoTo Gojek Tokopedia Tbk (GOTO), RA Koesoemohadiani, responded to the potential transaction between PT GoTo Gojek Tokopedia Tbk (GOTO) and Grab. "GoTo stated that until now there has been no decision or agreement regarding the matter," she said in an official statement quoted on Tuesday, November 11, 2025.

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