Brantas Abipraya Cuts 29 Entities in the Transformation of State-Owned Construction Companies
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PT Brantas Abipraya (Persero) is accelerating the SOE ecosystem transformation agenda driven by Danantara Indonesia, through the restructuring of its subsidiary, PT Brantas Energi.
Danantara Indonesia, together with the State-Owned Enterprises Management Agency (BP BUMN), has begun streamlining the BUMN construction sector cluster by simplifying 30 entities within the Brantas Abipraya Group.
In the process of transforming BUMN Karya, PT Brantas Abipraya will soon complete the process of reducing 29 business entities into just 1 holding company.
The Daya Anagata Nusantara Investment Management Agency, or Danantara Indonesia, stated that the reduction of 29 business entities of PT Brantas Abipraya (Persero) will soon be completed.
Dony Oskaria, head of state-owned enterprise BP, summoned Brantas Abipraya's board of directors to discuss the company's transformation. The company will cut 29 entities to focus on its contracting business.
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