State-owned staple food holding company to be formed by September

Nine state-owned enterprises (SOEs) plan to consolidate into a basic foods holding company by the third quarter of this year in improving Indonesia’s food security, farmers’ welfare and the agriculture industry’s modernity. Diversified food manufacturer PT Rajawali Nusantara Indonesia (RNI) is set to become the holding entity for all nine constituent companies whose combined assets are worth Rp 28 trillion (US$1.94 billion). The eight SOEs are RNI, fishery companies Perum Perikanan Indonesia and PT Perikanan Nusantara, agribusiness firms PT Pertani and PT Sang Hyang Seri, logistics firms PT Bhanda Graha Reksa (BGR) and Perusahaan Perdagangan Indonesia (PPI), chicken and cattle producer PT Berdikari and salt maker PT Garam.

May 04 2021, The Jakarta Post - Read 11 times

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