Indonesia's newly-launched sovereign wealth fund, Danantara Indonesia, is reportedly in early talks with GoTo to acquire a stake in Grab's potential buyout of the ride-hailing and food delivery firm. This development was reported by Bloomberg News, citing sources familiar with the matter.
The involvement of a national wealth fund could be a strategic move to address potential concerns from the Indonesian government regarding a Singapore-headquartered company taking over one of its largest technology firms. Such a stake might help mitigate regulatory hurdles for the proposed merger.
This consideration by Danantara Indonesia adds a new dimension to the ongoing discussions between Grab and GoTo. It suggests a potential pathway to facilitate a deal that has faced scrutiny over market dominance and national interests.
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