Danantara Open to Participating in Grab-GOTO Merger Process

Conditional Participation

Danantara CEO Rosan Perkasa Roeslani has announced that the state-owned investment manager is open to participating in the ongoing merger between Grab and GOTO. The decision to participate will depend on the outcome of the merger process, including the business process and pricing. Rosan emphasized that Danantara will not rush into any decision and will wait for official updates from the companies involved.

Priority on Ojol Welfare

Rosan highlighted that if Danantara decides to join the merger, the primary concern will be ensuring the welfare of online ojek drivers. This indicates that any potential involvement by Danantara will be evaluated not just on financial terms but also on its social impact. The company is particularly focused on maintaining the well-being of ojol drivers, who are crucial stakeholders in the ride-hailing ecosystem.

Hands-off Approach to Current Negotiations

Danantara is currently taking a hands-off approach, allowing Grab and GOTO to lead the merger negotiations. Rosan stated that the process is in the hands of the two companies and that Danantara will review any developments as they arise. The investment manager has already received the green light to participate but is waiting for the right moment to engage further.

Transaction Value Uncertainty

When asked about the potential transaction value if Danantara were to join the merger, Rosan was unable to provide any specific figures. He reiterated that the company is still in a wait-and-see position, dependent on how the merger unfolds. The lack of clarity on the transaction value reflects the early stage of the merger discussions and the various factors still being considered by the parties involved.