Jakarta, July 1 -- PT Danantara Asset Management (DAM) officially initiated the merger of seven state-owned logistics entities in a major consolidation aimed at eliminating systemic inefficiencies, cutting overlapping services, and lowering Indonesia's national logistics costs.

The integration was made official following the signing of the Shareholders Agreement (SHA) and Deed of Merger in Jakarta on Tuesday (June 30).

According to Aurelius Altius Rosimin, DAM Senior Director of Corporate Strategy, the consolidation is a key component of the agency's portfolio transformation strategy. The move aligns with the National Long-Term Development Plan (RPJPN) 2025-2045 and the government's Asta Cita development program.

"This merger aims to r...