Surveyor and Sucofindo Merger to be PT Surfindo

Rabu, 27 Februari 2013 | 09:00

The Ministry of SOE decided PT Surfindo as new name from merger between PT Surveyor Indonesia and PT Sucofindo.

SOE Minister Dahlan Iskan said the merger process and directors appointment is expected to be completed this week.

“PT Surfindo has been set as new name. The merger process and directors appointment will be completed this week,” said Dahlan Iskan, Tuesday (2/26).

However, he declined to reveal the candidate of Surfindo President Director. “Obviously, the tenure of Sucofindo President Director Arief Safari will run out, while Surveyor President Director Fahmi Sadiq still unclear, let’s wait and see,” he said.

Deputy Services of SOE's Gatot Trihargo said both companies have approved the merger plan, the substance either majority or minority.

The minority shareholders of both companies is PT Societe Generale de Surveillance (SGS) Holding, SA which owned 5% of Sucofindo shares and some 10.40% of Surveyor Indonesia.

While the Government controlled 95% of Sucofindo shares and 85.12% of Surveyor Indonesia shares.

The merger of two SOEs engaging in survey services, inspection and consultant because it has the same business.

The Government hoped the merger can provide value added to their shareholders.

According to SOE materplan 2012-2014, Surveyor Indonesia and Sucofindo has assets each IDR566 billion and IDR1.04 trillion and net profit of IDR57 billion and IDR59 billion in 2011. (t08/tw)

by Herdiyan, Elok Ani Riani