Indonesia Picks McKinsey to Revamp Firms With $172 Billion Sales
- Boston Consulting Group too enlisted as advisor for SOEs
- Government seeks to match local firms with global companies
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Indonesia is working with consultants McKinsey & Co. and Boston Consulting Group to revamp state firms with a combined revenue of $172 billion and dominate sectors from energy to construction and telecom.
The global consultants will prepare a roadmap for the 114 state-owned enterprises, including oil behemoth PT Pertamina, power utility PT Perusahaan Listrik Negara and flag carrier PT Garuda Indonesia, according to State-Owned Enterprises Deputy Minister Budi Gunadi Sadikin. The revamp plan will be in line with President Joko Widodo’s 2020-24 national plan and is expected to be finalized by the end of February, he said.