Jakarta – Danantara Investment Management Agency is in negotiations โฃwith South Korean โขconglomerate Lotte Chemical to acquire up to 30% ownership in a petrochemical project located in โขCilegon, Banten province, Indonesia.โ The potential deal, valued at โa significant โsum,โ comes as Lotte has already invested US$4โข billion (approximately Rp. 66.63 trillion at an exchange rate of Rp. 16,659/US$) in Indonesia.
The prospective share acquisition is currently beingโฃ refined, with Danantara โคconsidering a 25-30% stake, โslightly lowerโ than an initially discussed 35%,โ according to Danantara CEO Rosan Roeslani. “We’re still negotiating between 25-30%. We’re calculating, we’re negotiating now,” Roeslani stated when approached at the Presidential โPalace Complex in Central โJakarta on Thursday, November 27, 2025.
This potential investment signifies growing collaboration between Indonesia โand South Korea in theโ petrochemical sector, a โคkey industry for Indonesia’s โeconomic diversification andโค downstream manufacturing goals. the Cilegon project is expected to bolster Indonesia’s domestic petrochemical production โcapacity andโ reduceโ reliance on imports.
Before finalizing any agreement, Danantaraโ is conducting thorough due โdiligence to โคassess the financial viability of the โขshareโข purchase. “This โขis of great value, of course we still need to โฃcarry out due diligence first,” Roeslani explained.
The offer for the โฃshares was initially presentedโ to Roeslaniโข on the sidelines of the 2025โฃ APECโค Summit in Gyeongju, South Korea,โค at the end of โOctober, in the Agenas Room of the Land Select โขHotel. Lotte officialsโ are scheduled to visit Indonesia this Novemberโฃ to continue discussions.
Also watch the video “Number 8 Behind Prabowo Inaugurates Rp.โ 65 T Petrochemical Factory Today”
(hal/hns)