Danantara

NASDAQ-listed Grab denies reports of talks with Indonesia’s GoTo for a potential deal

Grab has held on-and-off talks with GoTo for years, according to earlier media reports. But a merger never materialized, partially due to antitrust concerns likely to arise from combining Southeast Asia’s two dominant ride-hailing and food-delivery groups.

Indonesia’s wealth fund Danantara weighs role in $7B Grab-GoTo deal – report

Danantara has started preliminary discussions with GoTo to acquire a minority stake in a combined entity, according to people familiar with the matter, the report said.

Indonesia launches sovereign wealth fund Danantara – report

The sovereign wealth fund is seen as the latest initiative by Prabowo to deliver on his ambitious economic growth target of 8 percent within his first term.