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Indonesia’s GoTo declines to confirm state involvement in potential Grab deal

( December 3, 2025, 08:16 GMT | Official Statement) -- MLex Summary: Indonesia’s GoTo Group has declined to confirm reports that Danantara, the country’s state-owned holding company, is seeking to participate in the super app’s potential merger with rival Grab. Responding to a query from the Indonesian Stock Exchange, GoTo only said that it remains “open to discussion that may support the long-term interest” of stakeholders, and that any merger process, if it materializes, would comply with applicable laws and regulations. The merger speculation has intensified in recent weeks, with Indonesia’s government signaling openness to the deal. Danantara, which has indirect exposure to GoTo through Telkomsel, has previously indicated interest in holding shares in a merged entity.Stock exchange statement follows. ...

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