Indonesia Transfers Stake in Krakatau Steel and Wijaya Karya to Danantara

Indonesia Transfers Stake in Krakatau Steel and Wijaya Karya to Danantara

After having inaugurated on February 24, 2025, Danantara has started taking over stake ownerships of state-owned companies.

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Senin, 24 Maret 2025 | 19:00

Bisnis.com, JAKARTA — Just ahead of the swearing-in of Danantara’s officials, state-owned firms PT Krakatau Steel (KRAS) and PT Wijaya Karya (WIKA) have officially been transferred under the control of the newly-minted sovereign wealth fund.

In a letter dated on the same day Danantara is slated to announce its board members on Monday (24/3/2025), both Krakatau Steel and Wijaya Karja announced the change in controlling shareholder to PT Biro Klasifikasi Indonesia, the firm appointed as Danantara’s operational holding.

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