Danantara Investment Agency to Facilitate Potential GoTo–Grab Merger Following Government Discussions
Jakarta, Indonesia – Indonesia’s Danantara Investment Management Agency (BPI) will participate in discussions regarding a potential merger between GoTo Gojek Tokopedia and Grab, following ongoing dialog surrounding draft regulations for online motorcycle taxi services, according to a statement released Tuesday. The move signals government direction toward consolidation in the ride-hailing and e-commerce sectors.
The possibility of a merger, or acquisition, comes as Indonesian authorities seek to refine the regulatory landscape for online transportation. A consolidation of GoTo and Grab-the two dominant players in the Indonesian market-would significantly reshape the competitive dynamics of the industry, impacting millions of drivers, merchants, and consumers across the archipelago. Any final decision will be subject to shareholder approval, with an Unusual General Meeting of Shareholders (EGMS) scheduled for November 25, 2025.
Prasetyo, whose full name was 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 a proactive role from the government, GoTo maintains that no agreement has been reached with Grab.
“Responding to media speculation… GoTo said that up to now there has been no decision or agreement regarding this matter,” stated RA Koesoemohadiani, Legal Director and Group Corporate Secretary of PT GoTo Gojek Tokopedia Tbk (GOTO), in an official written statement.
GoTo affirmed that the upcoming EGMS is not currently related to any corporate action plans, including a merger with Grab, and further details will be disclosed in accordance with applicable regulations. The company will provide updates as developments unfold.
