Rosan Explains Why Danantara Acquired GoTo Shares

Jakarta, IDN Times – Chief Executive Officer (CEO) of Danantara, Rosan P. Roeslani, has officially confirmed that the agency has acquired shares in PT GoTo Gojek Tokopedia Tbk (GOTO). While Rosan declined to specify the exact date of the transaction, he verified that the investment is already in effect.

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“We have indeed already entered,” Rosan stated at the Presidential Palace complex in Jakarta on Tuesday (5/5/2026).

1. The Rationale Behind the GOTO Acquisition

During the briefing, Rosan outlined the strategic reasoning behind Danantara’s decision to purchase GOTO shares, emphasizing that a primary goal is to improve the welfare of online transportation drivers.

“We have invested and we have engaged in discussions; for us, the priority is the welfare of the drivers,” he explained. He noted that the initiative focuses on improving access to essential social security benefits, such as BPJS Ketenagakerjaan (Employment Social Security) and BPJS Kesehatan (Health Social Security), which were previously unavailable to many drivers.

2. Origins of the Danantara-GOTO Acquisition Rumors

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The acquisition news follows remarks from Deputy Speaker of the House of Representatives (DPR RI), Sufmi Dasco Ahmad. He revealed that the government, through Danantara, deliberately acquired a stake in the ride-hailing company to intervene directly and restructure the business model in favor of the drivers.

The specific intent of this intervention is to reduce the commission fees charged by the platform—historically ranging from 10 to 20 percent—to a single-digit rate of 8 percent. This move aligns with Presidential Regulation (Perpres) Number 27 of 2026 concerning the Protection of Online Transportation Workers, which mandates that drivers receive health coverage and that platform fees be capped at 8 percent.

“The policy system will be adjusted gradually but surely. The first priority is to reduce the fees taken by the operator, so that the company only takes 8 percent of the total collected,” Dasco explained at the DPR RI building in Jakarta on Friday (5/1/2026).

3. Executed Directly via Danantara

Following that meeting, Dasco confirmed that the shares acquired by Danantara are specifically in Gojek. He clarified that the purchase was executed directly by Danantara rather than through a State-Owned Enterprise (BUMN).

This distinction is significant because existing BUMN exposure already exists; PT Telkom Indonesia (Persero) Tbk, through its subsidiary Telkomsel, currently holds 23.7 billion shares of GOTO, representing approximately 2 percent of the outstanding shares. By contrast, this new acquisition is held directly by Danantara.

While the exact timing of the share purchase remains undisclosed, Dasco expressed confidence in the move. “I do not know the exact effective date, but they have finally entered as shareholders,” he concluded.

GoTo: Danantara Holds Less Than 1 Percent of Company Shares; Danantara Confirms Acquisition of GOTO Shares, Plans for Increased Stake; Danantara’s Response to Reports of Gojek Share Acquisition

Summary

Danantara CEO Rosan P. Roeslani confirmed the agency has acquired shares in PT GoTo Gojek Tokopedia Tbk (GOTO), with the investment already in effect. The primary rationale for this acquisition is to improve the welfare of online transportation drivers, specifically by enhancing their access to essential social security benefits such as BPJS Ketenagakerjaan and Kesehatan.

This strategic move, as explained by Deputy Speaker Sufmi Dasco Ahmad, aims to intervene and restructure Gojek’s business model. A key objective is to reduce platform commission fees from 10-20 percent to a capped rate of 8 percent, aligning with Presidential Regulation Number 27 of 2026 for driver protection. The acquisition was executed directly by Danantara, separate from any existing State-Owned Enterprise investments.

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