PTPP CEO Addresses Merger Plans with Adhi Karya and Other BUMN Karya

Ongoing Coordination for Merger Process

PT PP (Persero) Tbk (PTPP) CEO Novel Arsyad has confirmed that the merger plans between PTPP, PT Adhi Karya (Persero) Tbk, and other state-owned construction companies are still in progress. The process is being closely coordinated with Badan Pengelola Investasi (BPI) Daya Anagata Nusantara (Danantara) and various external consultants.

Regular Progress Updates

According to Novel, the merger process is advancing according to schedule. "We are still in the process, both individually and collectively among the BUMN Karya companies involved. We coordinate regularly with Danantara and the consultants involved, and the progress is currently on track," Novel stated during a press conference at Plaza PP, Jakarta.

Strategic Significance of Merger

The planned merger aims to consolidate state-owned construction companies to enhance their global competitiveness and operational efficiency. This strategic move is part of the government's efforts to strengthen the construction sector through consolidation and improved resource allocation.

Next Steps

The ongoing coordination involves multiple stakeholders, including the companies involved in the merger and external advisors. The progress of this merger is being closely monitored, with updates expected as the process unfolds.