Antara News·Indonesia·Monday, November 9, 2026 at 06:24 AM UTC

BRI considers subsidiary mergers, acquisitions under SOE overhaul

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Bayu S, Fauzul Azhim Bin Fakhrurazi

Jakarta (ANTARA) - PT Bank Rakyat Indonesia (Persero) Tbk. (BRI) is considering corporate actions at the subsidiary level following directives from the Danantara Investment Management Agency (BPI Danantara) to streamline state-owned enterprises (SOEs).

The company is considering options including consolidation, mergers, and acquisitions.

“Regarding this streamlining, most likely there will indeed be corporate actions later. Whether in the form of consolidation, merger, or acquisition,” BRI Deputy President Director Viviana Dyah Ayu Retno said at a press conference in Jakarta on Monday.

Retno said BRI supports Danantara’s agenda to streamline SOEs and optimize its portfolio, noting that the step is necessary to make state company management more effective.

“BRI supports the agenda of strengthening and optimizing the BUMN portfolio to build state companies that are increasingly efficient, competitive, and able to create long-term economic value, which is currently being carried out by Danantara Indonesia through Danantara Asset Management,” Retno said.

Retno also ensured that every corporate step the company takes will be based on thorough studies.

All company decisions will be made in accordance with applicable regulations and accompanied by public disclosure of information, she added.

“We will ensure that every step or decision we take related to this streamlining is based on a comprehensive study and must comply with regulatory provisions,” Retno said.

The streamlining initiative is part of a restructuring and downsizing program for SOEs carried out by Danantara alongside the SOE Regulatory Agency (BP BUMN).

The government aims to reduce the total number of corporate entities, including SOE subsidiaries, from about 1,077 to between 200 and 300 companies.

As of October, President Prabowo Subianto reported that about 360 to 365 SOE entities had been consolidated, closed, or streamlined, with further targets scheduled through December 2026.

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