Danantara Investment Agency to Facilitateโฃ Potential โGoTo–Grabโ Merger Following Government Discussions
Jakarta, Indonesia – โฃIndonesia’s Danantara Investment Management Agency (BPI)โ will participateโ in discussions regarding a potential mergerโค between GoTo Gojek Tokopedia and Grab, following ongoing dialog surrounding draftโค regulations for onlineโค motorcycle taxi services, according to aโฃ statementโข released Tuesday. The move signals governmentโฃ direction toward consolidation โขin the ride-hailing and e-commerce sectors.
The โpossibility of a merger,โค or acquisition, comes as Indonesian authorities โคseek to refine theโ regulatory landscape for online transportation. Aโค consolidation of GoTo and Grab-the two dominant players in the Indonesian market-would โsignificantly reshape the competitive dynamics of the industry, impactingโฃ millions โฃof drivers, merchants, and consumers across theโ archipelago. Any final decision will be subject to shareholder approval, with โan Unusual General Meeting of Shareholdersโ (EGMS) scheduled for November 25, 2025.
Prasetyo, whose full name โขwas not provided in the source material, indicated the merger discussions are linked to the forthcoming presidential regulation concerning online motorcycle taxis. While BPI’s involvement suggests โa proactive role from theโ government, GoTo โฃmaintains that no agreementโฃ has been reached with Grab.
“Responding to media speculationโฆ GoTo said that up to now there has โbeen no decision โฃor agreement regarding this matter,” stated RA Koesoemohadiani, Legal Director and Group โCorporate Secretaryโ of PT GoToโ Gojek Tokopedia Tbk (GOTO), inโ an โคofficial written statement.
GoTo affirmed that the upcoming โEGMS is not currently related to any corporate action plans, including a mergerโข with Grab, โand further details will โคbe disclosed in accordance โขwith applicable regulations. The โcompany will provide updates asโฃ developments unfold.
