IDXChannel – President Joko Widodo (Jokowi) has officially merged PT Pertani (Persero) into PT Sang Hyang Seri (Persero). The merger of the companies was registered in Government Regulation (PP) number 98 of 2021 which was signed by Jokowi on September 15, 2021.
The decision was made after considering aspects of efficiency, effectiveness, market penetration, as well as supporting the availability, affordability, inclusiveness and quality of seeds and food ingredients.
The merger resulted in the dissolution of PT Pertani without liquidation provided that all rights, obligations and assets of PT Pertani are transferred by law to PT Sang Hyang Seri.
“The amount of wealth referred to in paragraph (1) is determined by the Minister of Finance on the proposal of the Minister of Public Enterprises”, writes the PP No. 98 of 2021, quoted by MNC Portal, Monday (20/9/2021) .
PT Pertani is a state-owned enterprise (BUMN) active in agriculture. This company produces, purchases and markets production facilities and agricultural products.
Meanwhile, PT Sang Hyang Seri is a company that produces and markets agricultural seeds. In addition to conducting research, education certification and counseling as well as other services in the field of seedlings. (TYO)
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