JAKARTA — PT Semen Indonesia (Persero) Tbk. (SMGR), also known as SIG, is preparing to restructure its subsidiaries by merging seven companies into PT Semen Indonesia Distributor (SID).
The corporate action is part of an effort to reorganize subsidiaries within state-owned enterprises (SOEs), taking into account the direction of PT Danantara Asset Management regarding the restructuring and optimization of state-owned company portfolios.
According to an announcement published in the Tuesday (September 1, 2026) edition of Bisnis Indonesia and reported by Bisnis.com, the seven companies slated to be merged into SID are PT Semen Kupang Indonesia (SKI), PT Semen Indonesia International (SII), PT Bima Sepaja Abadi (BSA), PT Bima Sepaja Abadi Logistik (BSAL), PT Sepatim Batamtama (Sepatim), PT Sinergi Informatika Semen Indonesia (SISI), and PT Sinergi Mitra Investama (SMI).
“Accordingly, SID will act as the surviving entity, while the seven companies will be the entities being merged,” SMGR said in its announcement.
Management said the consolidation is expected to promote the integration of business activities, strengthen the companies’ strategic position and competitiveness, and expand the scale of the business on an integrated basis.
Overall, the transaction is also expected to support national economic growth while optimizing the portfolio of state-owned enterprises (SOEs).
The merger plan was jointly prepared by the boards of directors of the companies participating in the transaction and has received approval from the respective boards of commissioners.
All Assets and Liabilities to Transfer to SID
Under the proposed transaction, all business activities, operations, assets, liabilities, and equity of the companies being merged will be transferred to SID once the merger becomes effective.
SID has confirmed its willingness to accept the transfer in accordance with applicable regulations.
From an employment perspective, the merger of the seven companies is not directly intended to result in employment termination.
The employment relationships of employees from the companies being merged will, in principle, be transferred to and continue with SID. Employees’ length of service will also remain recognized, while their respective rights and obligations will continue to be taken into account.
“After the effective date, SID will gradually harmonize employment terms and human resources policies,” management said.
Merger Timeline
The proposed merger still needs to go through several stages before it becomes effective.
Based on the indicative schedule, the announcement of the merger plan summary and written notification to employees are scheduled for September 1, 2026.
The deadline for creditors to submit objections is set for September 15, 2026, while the completion of corporate approvals at the shareholder and creditor levels is targeted for September 18, 2026.
The circular resolutions of the shareholders of the seven companies being merged, along with the signing of the Merger Deed, are scheduled for October 1, 2026.
On the same date, the application for approval from the Minister of Law is also targeted to be submitted. Approval from the Minister of Law is expected to be received on October 8, 2026.
Meanwhile, SID’s capital structure and shareholding composition following the merger have yet to be determined. The structure will take into account the results of an independent valuation and the finalization of the transaction documents.
Any changes to the capital structure and shareholding composition will subsequently be stipulated in the Merger Deed in accordance with applicable laws and regulations.
