JAKARTA — PT Pelindo Multi Terminal (PMT) plans to merge PT Pelabuhan Tanjung Priok (PTP) into the company as part of a restructuring of Pelindo Group’s subsidiaries. The corporate action is targeted to take effect on October 1, 2026.
The merger plan was announced through a summary of the merger proposal published in Bisnis Indonesia on Monday (Aug. 24, 2026). Under the proposed transaction, PMT will act as the surviving company, while PTP will be merged into PMT.
“The merger is a follow-up to support the initiative of PT Danantara Asset Management in restructuring subsidiaries and optimizing the management of state-owned enterprises and their subsidiaries,” according to the announcement.
The merger is expected to improve operational efficiency, enhance service quality and optimize resources within Pelindo Group, particularly in the non-container or multipurpose terminal business.
PMT is a Pelindo subsidiary engaged in non-container terminal services. PTP, meanwhile, operates in the port services sector, particularly as a non-container terminal operator.
Before the merger takes effect, all shares in PTP currently owned by PT Integrasi Logistik Cipta Solusi will be transferred to PMT. Following the transfer, PMT will hold 100% of PTP’s shares before the merger is completed.
Under the proposed structure, the transaction will not involve the conversion of PTP shares into PMT shares or the issuance of new PMT shares. PMT’s shareholding structure as the surviving company will therefore remain unchanged.
The implementation of the merger remains subject to a number of requirements, including compliance with applicable laws and regulations, the companies’ articles of association, approvals from the relevant corporate organs and parties, as well as approval from the General Meetings of Shareholders (GMS) of both companies.
Once the merger becomes effective, PMT will remain a legal entity and continue the business resulting from the merger. PTP, meanwhile, will cease to exist by operation of law without undergoing liquidation.
All assets and liabilities of PTP will be transferred to PMT. The company will also continue PTP’s business activities, including the management of its assets, rights and obligations, agreements, human resources and operations.
PTP’s rights and obligations toward third parties will also be continued by PMT, subject to the provisions of the relevant agreements and applicable laws and regulations.
The merger is targeted to take effect on October 1, 2026. Legally, the merger will become effective after the merger deed is signed, recorded in the Company Register and the Minister of Law of Indonesia issues an acknowledgment of the merger notification.
Creditors of both companies will also be given an opportunity to raise objections to the proposed merger. Objections may be submitted no later than 14 calendar days after the announcement is published. If no objections are submitted by the deadline, creditors will be deemed to have approved the proposed merger.
