Bakrie Group — BrandWiki

Bakrie Group

Overview

Bakrie Group

traded as	idx: BNBR (PT Bakrie & Brothers Tbk)
company type	Private
founded	1942
founder	Achmad Bakrie
location	Jakarta, Indonesia
area served	Worldwide
key people	Anindya Bakrie (CEO & president) Aburizal Bakrie (former chairman) Nirwan Bakrie (co-chairman) Indra Bakrie (co-chairman)
industry	Conglomerate
products

The Bakrie Group is an Indonesian conglomerate founded by Achmad Bakrie in 1942.[1] It has ownership shares in various industries, including mining, oil and gas, property development, infrastructure, plantations, media, and telecommunications. The group is one of the largest business groups in Indonesia, with 10 of its companies listed on the Indonesia Stock Exchange.

The group is currently headed by Nirwan Bakrie and Indra Bakrie, sons of Achmad Bakrie, who serve as co-chairpersons. Aburizal Bakrie, Achmad Bakrie's eldest son, chaired the group from 1999 to 2004 before entering politics. He held ministerial positions from 2004 to 2009 and served as chairman of the Golkar Party from 2009 to 2014.[2]

Anindya Bakrie, Aburizal's son, became CEO of Bakrie & Brothers in 2019[3] and chairman of the Indonesian Chamber of Commerce in 2024.[4]

num employees	70,000 (2011)

subsid	Visi Media Asia

website	https://bakrie-brothers.com/

Business sectors

Mining

The Bakrie Group operates in the mining sector, primarily focused on coal mining through PT Bumi Resources Tbk (IDX: BUMI) and its subsidiaries, including PT Bumi Resources Minerals Tbk (IDX: BMRS), PT Arutmin Indonesia, PT Kaltim Prima Coal, PT Pendopo Energi Batubara, and PT Fajar Bumi Sakti.[19] In May 2020, Bakrie Capital Indonesia signed an agreement with Air Products (APD) to develop a US$2 billion coal-to-methanol manufacturing facility in East Kalimantan.[20]

Oil and gas

PT Energi Mega Persada operates several oil and gas assets in Indonesia. In 2011, Energi Mega Persada expanded its operations to the Buzi Block in Mozambique through its subsidiary EMP Mining Overseas Pte.[21] Its current operations include:

Bentu PSC, Riau[22]

Buzi EPCC, Mozambique[21]

Gebang PSC, North Sumatra[23]

Kangean PSC, East Java[24]

Korinci Baru PSC, Riau[25]

Malacca Strait PSC, Sumatra[25]

Sangatta II CBM PSC, East Kalimantan[26]

Tonga PSC, Sumatra[27]

Bakrie group's mining business, PT. Lapindo Brantas, caused an erupting mud volcano in the Sidoarjo mud flow disaster that displaced more than 40,000 people in Indonesia's East Java province.[28]

Media and entertainment

Bakrie Group owns PT Visi Media Asia Tbk (VIVA), which has interests in Free to Air (FTA) TV networks with antv, tvOne, VTV, and in digital media portal viva.co.id.[29]

Agribusiness

Through PT. Bakrie Sumatra Plantations Tbk (IDX: UNSP), Bakrie Group manages an estimated 100,000 hectares (ha) of rubber and palm oil plantations on the island of Sumatra. Bakrie Sumatera Plantations Tbk (BSP) is a subsidiary of Bakrie Group.[30] BSP has extensive landbanks.[31] One of its directors is Bungaran Saragih, a former minister of agriculture.[32] It operates or used to operate on peatlands.[33]

Infrastructure

Through Bakrie & Brothers, Bakrie Group is involved in transportation, water, electricity, and industrial projects in Indonesia through several of its subsidiaries. From the 1990s, the Group worked to build a 600MW coal-fired power station, "Tanjung Jati A", in Central Java. This plant had an estimated build cost of $2.8 billion and the group would hold 20% of the equity.[34][35] As late as 2019, the government of Indonesia still included the project on their National Electricity Supply Business Plan (RUPTL).[36] In 2022, the project's environmental permit was revoked by the State Administrative Court of Bandung in response to a legal challenge from WALHI (Friends of the Earth Indonesia).[37] This decision was not appealed by the project's sponsors before the deadline, so its current status remains cancelled.

Sports team ownership

Basketball club

Pelita Jaya Bakrie (1987–present)

The Pelita Jaya Basketball Club was founded in 1987 by the Bakrie Group. Pelita Jaya is a three-time national basketball league champion. The club is managed by Syailendra Bakrie and competes in the Indonesian Basketball League (IBL).[38]

Pelita Jaya Bakrie (1987–present)

Football clubs

Pelita Jaya F.C. (1986–2011)

Bakrie Group founded Pelita Jaya F.C. in 1986, and the club won three Galatama titles. Originally based in Jakarta, the club relocated several times, beginning in 2000, before being sold in 2012. The club is currently known as Madura United.[39]

At the time of Bakrie Group's sale of Pelita F.C., the group purchased Arema F.C.; a merger between the two was considered, but was later cancelled in 2012.[40]

C.S. Visé (2011–2014)

C.S. Visé, a second division league Belgium football club was acquired by Bakrie Group in 2011,[41] during Bakrie's ownership Indonesian youth players such as Syamsir Alam, Manahati Lestusen, and Alfin Tuasalamony were called to play for the club.[42]

Pelita Jaya F.C. (1986–2011)

At the time of Bakrie Group's sale of Pelita F.C., the group purchased Arema F.C.; a merger between the two was considered, but was later cancelled in 2012.[40]

C.S. Visé (2011–2014)

Brisbane Roar (2012–present)

Bakrie Group, through PT. Pelita Jaya Cronus, acquired A-League title-holders Brisbane Roar FC in 2011. Bakrie Group initially purchased 70% of the club shares, but in 2012 the Football Federation Australia (FFA) announced that the Bakrie Group has acquired 100% ownership of the club.[44] In May 2016, Brisbane Roar faced administrative and financial turbulences when the team ownership held investment in the club, resulting in Brisbane Roar failure to pay staff and players.[45]

Bakrie Group

History

Companies

Core members

Business sectors

Mining

Oil and gas

Media and entertainment

Agribusiness

Infrastructure

Sports team ownership

Basketball club

Pelita Jaya Bakrie (1987–present)

Pelita Jaya Bakrie (1987–present)

Football clubs

Pelita Jaya F.C. (1986–2011)

C.S. Visé (2011–2014)

Pelita Jaya F.C. (1986–2011)

C.S. Visé (2011–2014)

Brisbane Roar (2012–present)

References

Brisbane Roar (2012–present)