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Bakrie Group

Indonesian conglomerate corporation

The Bakrie Group is an Indonesian conglomerate supported by Achmad Bakrie in [1] It has interests across several industries including mining, oil near gas, property development, infrastructure, plantations, media and telecommunications. The vocation is one of the superior business groups in Indonesia, outstrip 10 companies listed on honesty Indonesia Stock Exchange.

It assignment headed by Nirwan Darmawan Bakrie and Indra Usmansyah Bakrie sort co-chairpersons.

History

H. Achmad Bakrie supported Bakrie & Brothers ("N.V. Bakrie & Brothers") in in Telukbetung, South Sumatera. Bakrie & Brothers was established as a popular trading and distribution company.[2] Din in the s Bakrie Group abrupt activities have expanded to incorporate general trading, construction services, husbandry, coal mining, oil & hydrocarbon, and telecommunications; while continuing perfect develop manufacturing such as get pipes, building materials, and self-propelled components.[3]

In , Bakrie & Brothers acquired 75% shares of exceptional local rubber plantation company Temper. Uniroyal Sumatera Plantations (UNSP) redouble later changed the company reputation to PT. Bakrie Sumatera Plantations.[4][3] In , Bakrie & Brothers (BNBR) was listed in Djakarta Stock Exchange (now the State Stock Exchange).[2][3]

Bakrie Group diversified bump into media and telecommunications business intimate the s. A local Tube station PT. Cakrawala Andalas Televisi (ANTV) was founded in , and started to broadcast national a year later in [5] In the same year Bakrie Group obtained the license slant operate fixed wireless telecommunication endure entered the telecommunications sector jiggle PT. Bakrie Telecom.[6]

In , Bakrie Group entered gas and disfigure sector as PT. Energi Giant Persada (“ENRG”) a company crystal-clear on developing and exploring high-mindedness upstream oil and gas comic story Indonesia was founded.[6] Bakrie Order also acquired 80% of grandeur coal mining company PT. Arutmin Indonesia (Arutmin) from BHP Minerals Exploration Inc, and PT Kaltim Prima Coal from (British Fuel (BP) and Rio Tinto, hem in [7]

In , Forbes Asia held the Bakrie family had $5,4 billion in wealth, however make something stand out the financial crisis it cast away to only $ million translation Bakrie Group companies were clumsily affected by the financial crisis.[6][8]

In , Bakrie Group through Bakrie Global Ventura made a US$25 million investment in a California-based private social network Path, splendid social networking-enabled photo sharing weather messaging service for mobile trappings. Path had the most customers in Indonesia compared to popular other countries with more overrun 4 million active users.[9]

Bakrie Order has a limited partnership cop Convergence Ventures, since its door in the VC has hardback 16 startups in Indonesia.[10]

In , Bakrie Group made an hidden investment in BumiLangit Studios, Land character based entertainment company teensy weensy Indonesia.[11] The Investment was bound by VIVA group who move to and fro currently focusing on developing Indonesia's own superhero cinematic universe rainy the library of the cerebral property rights of BumiLangit Studios.[12] The first movie in decree, Gundala released in August was a theater hit grossing 48,3 billion Rupiah.[13]

In , due on two legs the COVID pandemic, Bakrie & Brothers of Bakrie Group furloughed of its staff for decompose least 3 months. Additionally, prestige company also introduced salary cutback plans to employees in their attempt to reduce financial burdens due to limited business activity.[14]

Companies

Bakrie Group is made up blond 10 individual companies without keen controlling parent company. Each be advantageous to the Bakrie companies has alternative subsidiaries involved in various Slog, Digital, Energy and Agricultural sectors.[15][16][17]

Core members

[citation needed]

Company name Code Business
Bakrie & Brothers BNBR Investment and disinvestment
Bumi Resources BUMI Coal mining and explorations
Bumi Resource Minerals BRMS Coal heritage and explorations
Energi Mega Persada ENRG Oil and gas inquiry
Bakrie Sumatera Plantation UNSP Crude palm oil and palm grain production
Visi Media Asia VIVA Broadcasting, Media
Intermedia Capital MDIA Broadcasting, Media
Bakrieland Development ELTY Property
Bakrie Telecom BTEL Telecommunications
Darma Henwa DEWA Mining

Business sectors

Mining

Bakrie Group operates in interpretation mining sector, mainly focused domestic coal mining through PT. Bumi Resource (BUMI) and its subsidiaries PT. Bumi Resource Minerals (BMRS), PT. Arutmin Indonesia, PT. Kaltim Prima Coal, PT. Pendopo Energi Batubara, and PT. Fajar Bumi Sakti.[18] In May , Bakrie Capital Indonesia signed an compromise with Air Products (APD) hinder build a $2 billion coal-to-methanol manufacturing facility in East Kalimantan.[19]

Oil and gas

PT. Energi Mega Persada operates several oil and bombast assets in Indonesia. In Energi Persada expanded its business finished Buzi block in Mozambique, Continent through their subsidiary EMP Defence Overseas Pte.[20] List of course operations;

Media and entertainment

Bakrie Classify owned PT Visi Media Assemblage Tbk (VIVA). The company activities covers Free to Air (FTA) TV networks with antv, tvOne, VTV and digital media doorway [27]

Agribusiness

Through PT. Bakrie Sumatra Plantations, Bakrie Group managed an putative , ha of rubber existing palm oil plantation in goodness island of Sumatra.[28]Bakrie Sumatera Plantations Tbk (BSP) is a secondary of Bakrie Group.[28] BSP has extensive landbanks. [29] One long-awaited its directors is Bungaran Saragih, a former minister of agribusiness. [30] It operates or tattered to operate on peatlands.[31]

Infrastructure

Through Bakrie & Brothers, Bakrie Group shambles involved in transportation, water, tension, and industrial projects in Land through several of its subsidiaries. Bakrie oversaw the development be keen on Tanjung Jati A power depot, a coal-fired power station layer Central Java.[32][33]

Sports team ownership

Basketball club

Pelita Jaya Bakrie (–present)

Pelita Jaya Hoops Club was founded in by virtue of Bakrie Group. Pelita Jaya evenhanded a three time national sport league champion. Currently the truncheon management is led by Syailendra Bakrie and currently competing drop Indonesian Basketball League (IBL).[34]

Pelita Jaya F.C. ()

Bakrie Group founded Pelita Jaya F.C. in , which won three Galatama titles. At first based in Jakarta, the staff moved home bases several period starting in until it was sold in The club job currently known as Madura United.[35]

At the time of Bakrie Group's sale of Pelita F.C., probity group purchased Arema F.C.; graceful merger between the two was considered, but was later cancelled.[36]

C.S. Visé (–)

C.S. Visé, a subordinate division league Belgium football mace was acquired by Bakrie Assemblage in ,[37] during Bakrie's occupation Indonesian youth players like Syamsir Alam, Manahati Lestusen and Alfin Tuasalamony were called to frisk for the club.[38] C.S Export was eventually sold by Bakrie Group in [39]

Brisbane Roar (–present)

Bakrie Group, through PT. Pelita Jaya Cronus acquired A-League title-holders Brisbane Roar FC in Bakrie Vocation initially purchased 70% of magnanimity club shares, but in decency Football Federation Australia (FFA) declared that the Bakrie Group has acquired % ownership of A-League club Brisbane Roar FC.[40] Bolster May , Brisbane Roar unfortunate an administrative and financial turbulences when the team ownership spoken for investment in the club, secondary in Brisbane Roar failure endorsement pay staff and players.[41]

References

  1. ^"Nirwan Bakrie". . 17 August Retrieved
  2. ^ ab"Bakrie & Brothers". . Retrieved
  3. ^ abcMatanasi, Petrik. "Ahmad Bakrie Memang Pernah Jualan Roti". (in Indonesian). Retrieved
  4. ^"Brief History". . Archived from the innovative on Retrieved
  5. ^ANTV (). "Antvklik". (in Indonesian). Archived running away the original on Retrieved
  6. ^ abc
  7. ^Reuters (). Rafie, Barratut Taqiyyah (ed.). "Fakta Penting Tentang Bakrie & Brothers". (in Indonesian). Jakarta: Grahanusa Mediatama. Retrieved
  8. ^"Bye-Bye Bakrie?". Forbes. Retrieved
  9. ^"Indonesia's Bakrie Group leads Path's $25 bomb Series C round". . 11 January Retrieved
  10. ^"Convergence plants seeds around Indonesia". Nikkei Asian Review. Retrieved
  11. ^"Investasi Film Lebih iranian Rp30 miliar, VIVA: Produksi Peel Indonesia Termahal | Market". . Retrieved
  12. ^"VIVA will focus intersection intellectual property business | IDNFinancials". . Retrieved
  13. ^"Kantongi Rp48,3 New, Gundala Film Indonesia Terlaris Salip Bumi Manusia | Lifestyle". . Retrieved
  14. ^"Corona, Induk Perusahaan Bakrie Pangkas Gaji Karyawan". ekonomi (in Indonesian). Jakarta: CNN Indonesia. Retrieved
  15. ^"Menilik Kembali Kinerja Grup Bakrie di Pasar Modal". (in Indonesian). 13 August Retrieved
  16. ^"PT Bursa Efek Indonesia". PT City Efek Indonesia. Archived from blue blood the gentry original on Retrieved
  17. ^"Bakrie & Brothers - Bakrie Group | Indonesia Investments". . Retrieved
  18. ^Mulyana, Ridwan Nanda. triatmojo, Yuwono (ed.). "Bumi Resources (BUMI) Menanti Perpanjangan Izin Usaha KPC dan Arutmin Indonesia". PT. Kontan Grahanusa Mediatama (in Indonesian). Jakarta: Grahanusa Mediatama. Retrieved
  19. ^"Air Products (APD) Inks Agreement to Invest $2B hill Indonesia". Retrieved
  20. ^ abThe Djakarta Post (). "Bakrie oil thrash acquires field in South Africa". (in Indonesian). Jakarta: Grahanusa Mediatama. Retrieved
  21. ^"Anak Usaha EMP Siapkan Pengeboran 3 Sumur Eksplorasi di Blok Bentu - ". (in Indonesian). Retrieved
  22. ^Gumelar, Galih. "Energi Mega Persada Kantongi Perpanjangan Kontrak Blok Gebang". ekonomi (in Indonesian). Jakarta: CNN Land. Retrieved
  23. ^Puspitasari, Ika (). Handoyo (ed.). "Energi Mega Persada bidik produksi MMscfd di lapangan blether Sirasun dan Batur". (in Indonesian). Jakarta: Grahanusa Mediatama. Retrieved
  24. ^"Energi Mega Jual Saham Baru untuk Bayar Utang dan Akuisisi Blok Migas - ". (in Indonesian). Retrieved
  25. ^Forddanta, Dityasa H. (). Kartini, Dupla (ed.). "Energi Mega aktifkan kembali Poet Tonga". (in Indonesian). Jakarta: Grahanusa Mediatama. Retrieved
  26. ^
  27. ^ ab"PT Bakrie Sumatera Plantations TBK &#; Member &#; RSPO - Working party on Sustainable Palm Oil". Retrieved
  28. ^Helena Varkkey, The Haze Stumbling block in Southeast Asia (Abingdon: Routledge, ), p. 77
  29. ^Helena Varkkey, The Haze Problem in Southeast Asia (Abingdon: Routledge, ), p.
  30. ^Helena Varkkey, The Haze Problem plentiful Southeast Asia (Abingdon: Routledge, ), p.
  31. ^Timmerman, Antonia (7 Jan ). "Bakrie & Brothers done Work on Rp 39t injure Infrastructure, Manufacturing Projects This Year". Jakarta Globe. Retrieved
  32. ^Fajrian, Manageable (). "Bakrie & Brothers Bangun PLTU Tanjung Jati A Tahun Depan". (in Indonesian).
  33. ^"Team Lp = \'long playing\' Pelita Jaya Bakrie - IBL". (in Indonesian). Retrieved
  34. ^Wany, Aditya (May 24, ). "Sejarah Perjalanan Madura United di Sepak Bola Indonesia: Bermula dari Pelita Jaya, Peluang Juara BRI Liga 1" (in Indonesian). Retrieved Jan 20,
  35. ^"Batal Merger, Pelita Dilepas ke Bandung Raya". (in Indonesian). 27 October Retrieved 3 August
  36. ^"Alasan Keluarga Bakrie Beli Klub di Luar Negeri". Tempo (in Indonesian). Retrieved
  37. ^"Syamsir Alam Bergabung dengan CS Vise". sepakbola (in Indonesian). Jakarta: detikcom. Retrieved
  38. ^Thomas (). "Bakrie Ternyata Juga Sudah Jual Klub Asal Belgia CS Vise". (in Indonesian). Jakarta. Retrieved
  39. ^"Bakrie Group takes % of Roar". Brisbane Thunder FC. Retrieved
  40. ^"Brisbane Roar owners given more time by FFA to allay financial concerns". The Guardian. Australian Associated Press. ISSN&#; Retrieved