JAKARTA (ISL News) - PT Pelabuhan Indonesia (Persero) or Pelindo continues its agenda of structuring its corporate structure and business portfolio through the planned merger of PT Akses Pelabuhan Indonesia (API) into PT Pelindo Sinergi Lokaseva (PSL), and PT Pelindo Properti Indonesia (PPI) into PT Menara Maritim Indonesia (MMI), which is a subsidiary of PSL.
These two corporate actions are part of the streamlining program of state-owned enterprise subsidiaries under the coordination of PT Danantara Asset Management (Persero) and Pelindo. This step is aimed at simplifying the business structure, improving portfolio management effectiveness, and strengthening the Pelindo Group's business capabilities and competitiveness.
PT Pelindo Sinergi Lokaseva's President Director, Faruq Hidayat, stated that the business portfolio restructuring is a strategic step to build a more integrated, efficient, and sustainable business structure.
"Through this integration, we want to ensure that each entity in the PSL portfolio has a clearer business role, stronger capabilities, and optimal contributions to the Pelindo Group. This restructuring is not merely a simplification of the company's structure, but also a step to strengthen the business foundation and improve the effectiveness of sustainable business management," said Faruq.
PPI Merger into MMI to Strengthen Business Portfolio and Capabilities
As part of the restructuring of the subsidiary portfolio, PPI is planned to merge into MMI, with MMI as the surviving entity .
This merger is aimed at strengthening MMI's business structure and capabilities through resource consolidation, asset optimization, and integration of the competencies and business activities of both companies.
This step is expected to increase the effectiveness of asset management and business portfolios, strengthen operational capabilities, and support more integrated business development within the PSL Group.
The merger of PPI into MMI is targeted to take effect on October 1, 2026, subject to the completion of all applicable processes and requirements. This schedule may be adjusted based on the progress of the approval process and fulfillment of required conditions.
Integration of APIs into PSL to Strengthen Business Integration and Capabilities
In line with the arrangement of the subsidiary portfolio, API is also planned to join PSL as a ( surviving entity ) as a follow-up to the restructuring and optimization agenda for the management of BUMN and its derivative entities.
API integration is expected to strengthen PSL's capabilities in carrying out its mandate as a port supporting facilities business manager , through resource consolidation, competency strengthening, and increasing the effectiveness of business activity management.
This merger is also part of an effort to build a more integrated business structure and support the sustainable development of PSL's business portfolio.
The merger of API into PSL is targeted to take effect on November 1, 2026, subject to the completion of all applicable processes and requirements. This schedule may be adjusted based on the progress of the approval process and fulfillment of required conditions.
PSL Ensures Streamlining Implementation Runs in Accordance with GCG Principles
In supporting the implementation of the Pelindo Group streamlining agenda , PSL is committed to ensuring that the entire merger process is carried out by prioritizing the principles of good corporate governance ( GCG ), in accordance with the Shareholders' directions and the provisions of applicable laws and regulations.
The integration implementation is also carried out by paying attention to operational continuity, risk management, and organizational and human resource readiness to support a planned and effective transition process.
Through these two corporate actions, PSL is expected to strengthen the contribution of its business portfolio in supporting the development of an integrated and sustainable port ecosystem, while increasing competitiveness and creating long-term value for the Pelindo Group.
(ISL News Editorial/Corcom PSL).
