Bakrie Group


The Bakrie Group is an Indonesian conglomerate founded by Achmad Bakrie in 1942. It has interests across 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 companies listed on the Indonesia Stock Exchange.
It is headed by Nirwan Darmawan Bakrie and Indra Usmansyah Bakrie as co-chairmen.
Bakrie Sumatera Plantations Tbk is a subsidiary of Bakrie Group. The company has under its management around 100,000 ha of oil palm and rubber plantations.
BSP has extensive landbanks.
One of its directors is Bungaran Saragih, a former minister of agriculture.
It operates or used to operate on peatlands.

History

H. Achmad Bakrie founded Bakrie & Brothers in 1942 in Telukbetung, South Sumatera. Bakrie & Brothers was established as a general trading and distribution company. In the 1950s Bakrie Group business activities have expanded to include general trading, construction services, agribusiness, coal mining, oil & gas, and telecommunications; while continuing to develop manufacturing such as steel pipes, building materials, and automotive components.
In 1986, Bakrie & Brothers acquired 75% shares of a local rubber plantation company PT. Uniroyal Sumatera Plantations then later changed the company name to PT. Bakrie Sumatera Plantations. In 1989, Bakrie & Brothers was listed in Jakarta Stock Exchange.
Bakrie Group diversified into media and telecommunications business in the 1990s. A local TV station PT. Cakrawala Andalas Televisi was founded in 1992, and started to broadcast nationally a year later in 1993. In the same year Bakrie Group obtained the license to operate fixed wireless telecommunication and entered the telecommunications sector with PT. Bakrie Telecom.
In 2001 Bakrie Group entered gas and oil sector as PT. Energi Mega Persada a company focused on developing and exploring the upstream oil and gas in Indonesia was founded. Bakrie Group also acquired 80% of the coal mining company PT. Arutmin Indonesia from BHP Minerals Exploration Inc, and PT Kaltim Prima Coal from and Rio Tinto, in 2003.
In 2007, Forbes Asia estimated the Bakrie family had $5,4 billion in wealth, however after the 2008 financial crisis it dropped to only $850 million as Bakrie Group companies were heavily affected by the financial crisis.

Affiliated companies

Beside its main subsidiary, Bakrie & Brothers, Bakrie Group has several other subsidiaries in several other industries, among others:
Company nameCodeBusiness
Bakrie & BrothersBNBRInvestment and disinvestment
Bumi ResourcesBUMICoal mining and explorations
Bumi Resource MineralsBMRSCoal mining and explorations
Energi Mega PersadaENRGOil and gas exploration
Bakrie Sumatera PlantationUNSPCrude palm oil and palm kernel production
Visi Media Asia VIVABroadcasting, Media
Bakrieland DevelopmentELTYProperty
Bakrie TelecomBTELTelecommunications
Darma HenwaDEWAMining

Business sectors

Mining

Bakrie Group operates in the mining sector, mainly focused in coal mining through PT. Bumi Resource and its subsidiaries PT. Bumi Resource Minerals, PT. Arutmin Indonesia, PT. Kaltim Prima Coal, PT. Pendopo Energi Batubara, and PT. Fajar Bumi Sakti. In May 2020, Bakrie Capital Indonesia signed an agreement with Air Products to build a $2 billion coal-to-methanol manufacturing facility in East Kalimantan.

Oil & Gas

PT. Energi Mega Persada operates several oil and gas assets in Indonesia. In 2011 Energi Persada expanded its business to Buzi block in Mozambique, Africa through their subsidiary EMP Mining Overseas Pte. List of current operations;
Bakrie Group owned PT. Visi Media Asia. The company activities covers Free to Air TV stations with TVOne, ANTV and digital media portal viva.co.id.

Agribusiness

Through PT. Bakrie Sumatra Plantations, Bakrie Group managed an estimated 100,000 ha of rubber and palm oil plantation in the island of Sumatra.

Infrastructure

Through Bakrie & Brothers, Bakrie Group is involved in transportation, water, electricity, and industrial projects in Indonesia through several of its subsidiaries. Bakrie oversaw the development of Tanjung Jati A power station, a coal-fired power station in Central Java.

Sports team ownership

Basketball Club

Pelita Jaya Bakrie (1987-present)

Pelita Jaya Basketball Club was founded in 1987 by Bakrie Group. Pelita Jaya is a three time national basketball league champion. Currently the club management is led by Syailendra Bakrie and currently competing in Indonesian Basketball League.

Football Club

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 announced that the Bakrie Group has acquired 100% ownership of Hyundai A-League club Brisbane Roar FC. In May 2016, Brisbane Roar faced an administrative and financial turbulences when the team ownership held investment in the club, resulting in Brisbane Roar failure to pay staff and players.

C.S. Vise (2011-2014)

C.S Vise, a second division league Belgium football club was acquired by Bakrie Group in 2011, during Bakrie's ownership Indonesian youth players like Syamsir Alam, Manahati Lestusen and Alfin Tuasalamony were called to play for the club. C.S Vise was eventually sold by Bakrie Group in 2014.