GOTO-Grab Merger Discussions Advance with Danantara's Involvement

Golden Share Offer Highlights Political Backing

The ongoing merger talks between PT GoTo Gojek Tokopedia Tbk (GOTO) and Grab have taken a significant turn with reports emerging that BPI Danantara has been offered a golden share in the proposed US$29 billion deal. According to Financial Times, the negotiations include a proposal to give Danantara a minority stake in the merged entity while granting special rights over the Indonesian business operations.

Strategic Implications of Danantara's Involvement

The potential involvement of Danantara, a state-owned enterprise, adds a layer of complexity to the merger discussions. Equity Research Analyst at Bloomberg Intelligence, Nathan Naidu, views this development as a strong indication that the merger is nearing completion. The offer of a golden share suggests that the deal may have significant political backing and strategic importance for Indonesia's digital economy.

Market Reaction and Future Prospects

While details of the merger remain under negotiation, the inclusion of Danantara with special rights indicates a carefully structured deal. This arrangement could potentially impact GOTO's stock performance as investors assess the merger's implications. The market is likely watching closely for further developments in this high-stakes technological consolidation.