TEMPO.CO, Jakarta -The Investment Management Agency of Daya Anagata Nusantara (BPI Danantara) has addressed recent rumors concerning a minority stock investment in PT Gojek Tokopedia Tbk. (GoTo). Previously, it was speculated that Danantara was in early discussions with GoTo to inject capital into a joint entity involving Grab.
"Currently, there have been no discussions regarding this matter," Stefanus Ade Hadiwidjaja, Managing Director of Investment at Danantara Indonesia, affirmed in a written statement to Tempo on Monday, June 9, 2025.
In principle, Stefanus noted that Danantara is always open to investment opportunities that align with its mandate to strengthen strategic sectors. Furthermore, it is also open to opportunities that can increase added value to the national economy.
According to him, Danantara will be selective in every investment decision, emphasizing the need for comprehensive studies. "By applying sound risk management principles and considering the potential for sustainable returns for the country," Stefanus added.
Previously, GoTo neither denied nor confirmed the news of a potential merger with Grab. GoTo's management acknowledged receiving various business offers from multiple parties.
Corporate Secretary R.A. Koesoemohadiani stated that management has an obligation to explore diverse business potentials. This includes a comprehensive evaluation of various offers, hence no agreement has been reached yet. "There has been no agreement between the company and any party," she clarified in an information disclosure to the Indonesia Stock Exchange on Thursday, May 8, 2025.
Koesoemohadiani explained that this caution aims to maximize cooperation if any business plan is realized. According to her, management prioritizes the company's continuity, including increasing long-term value for all shareholders. "By considering the best interests of driver partners, MSME partners, customers, employees, and all key stakeholders," she emphasized.
Nonetheless, she reiterated that no agreement has been made regarding various business offers to date. "The company has not made any decision regarding offers that may have been known or received by the company," she stated.
Meanwhile, Grab stated that the news of a merger with GoTo is not based on verified information. "The speculation is not based on verified information, so we cannot comment further," said Tirza Munusamy, Chief of Public Affairs at Grab Indonesia, in a written statement on Thursday, May 15, 2025.
The issue of a merger between GoTo and Grab has raised concerns about a potential business monopoly. In response to the merger news, the Business Competition Supervisory Commission (KPPU) on May 12 urged GoTo and Grab Indonesia to consult with the institution before any business merger is executed.
Adil Al Hasan contributed to the writing of this article.
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