Merger of Indonesian State-Owned Enterprises to Streamline Land Transportation Services

Assegaf Hamzah & Partners assisted in the merger of two state-owned enterprises, Perusahaan Umum (Perum) DAMRI and Perusahaan Umum (Perum) Pengangkutan Penumpang Djakarta, where both are engaged in the land transportation industry. The land transport industry is projected to experience growth in the future and is one of the sectors that needs to be strengthened to support the National Development Agenda. The project is led by Partner Tunggul P Utomo (Corporate/M&A).