JAKARTA — PT Pelabuhan Indonesia (Persero), or Pelindo, is once again restructuring its subsidiaries. This time, PT Pelindo Marine Service (PMS) will be merged into PT Pelindo Jasa Maritim (PJM).
Under the merger plan announced in the Monday (August 31, 2026) edition of Bisnis Indonesia, as reported by Bisnis.com, PJM will act as the surviving entity. Meanwhile, PMS will be dissolved by operation of law without undergoing liquidation once the merger becomes effective.
The corporate action is part of a follow-up effort to support an initiative by PT Danantara Asset Management (Persero) to restructure subsidiaries and optimize the management of state-owned enterprises (SOEs) and their subsidiaries.
“The merger is a follow-up to support the initiative of PT Danantara Asset Management in restructuring subsidiaries and optimizing the management of SOEs and their subsidiaries,” according to the summary of the merger plan.
Management said the merger of PMS into PJM is expected to improve operational efficiency, strengthen service quality, and optimize the use of resources, particularly within the Pelindo Group.
Under the proposed merger, PJM will assume all assets and liabilities, rights and obligations, legal relationships, contracts, employees, business activities, and licenses held by PMS, to the extent permitted under applicable laws and regulations and subject to approval from the relevant parties or authorities.
PJM, which is based in Makassar, will serve as the surviving entity. Meanwhile, PMS, which is based in Surabaya, will be the entity being merged.
The effective date of the merger will be stipulated in the merger deed and/or determined upon approval from the Minister of Law and Human Rights of the Republic of Indonesia.
However, the merger cannot be carried out immediately. The process will only proceed after all required corporate approvals, approvals and/or notifications to the relevant authorities have been obtained, and all requirements under applicable laws and the articles of association of each company have been fulfilled.
Merger Not Intended to Terminate Employment
From an employment perspective, the merger of PMS into PJM is not intended to terminate employees’ employment relationships.
The settlement of employees’ rights and obligations will be carried out in accordance with applicable laws and regulations, employment agreements, company regulations, and/or collective labor agreements.
Therefore, the merger does not automatically mean that employees will be terminated. Their employment status and related rights and obligations will be addressed in accordance with applicable provisions.
Creditors Can Raise Objections
The merger plan also provides creditors and other third parties with an opportunity to raise objections.
Creditors and other third parties may submit written objections to each of the companies participating in the merger no later than 14 calendar days after the summary of the merger plan is announced.
If no objections are submitted within that period, creditors and third parties will be deemed not to have objected to the proposed merger. This provision does not diminish their rights under applicable laws and regulations.
Once the merger becomes effective, PJM will assume and continue all of PMS’s business activities, including its assets and liabilities, rights and obligations, as well as the legal relationships previously held by PMS.
The merger will be carried out with reference to Law No. 40 of 2007 on Limited Liability Companies and Government Regulation No. 27 of 1998 on the Merger, Consolidation and Acquisition of Limited Liability Companies.
