BNBR on Indonesia Stock Exchange

Bakrie Group

Logo: Agungkodok, Public domain, via Wikimedia Commons3

Indonesian conglomerate

The Bakrie Group is an Indonesian conglomerate founded by Achmad Bakrie in 1942. 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.2 Its shares trade on Indonesia Stock Exchange under the symbol BNBR.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1942Founded1

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  • TickerBNBR on Indonesia Stock Exchange1
  • Industryinvestment company1
  • HeadquartersJakarta1
  • Websitewww.bakrie-brothers.com
  • Legal formperseroan terbatas1

The Bakrie Group is an Indonesian conglomerate founded by Achmad Bakrie in 1942. 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.2

Corporate structure

Bakrie Group sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Bakrie Group Jakarta

Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Bakrie Group reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

H. Achmad Bakrie founded Bakrie & Brothers (then known as N.V. Bakrie & Brothers) in 1942 in Telukbetung, South Sumatera. Bakrie & Brothers was established as a general trading and distribution company.

In the 1950s, the Bakrie Group’s business activities expanded to include general trading, construction services, agribusiness, coal mining, oil and gas, and telecommunications, while continuing to develop manufacturing operations such as making steel pipes, building materials, and automotive components.

In 1986, Bakrie & Brothers acquired a 75% stake in the local rubber plantation company PT Uniroyal Sumatera Plantations (UNSP), which was later renamed PT Bakrie Sumatera Plantations. In 1989, Bakrie & Brothers was listed on the Jakarta Stock Exchange (now the Indonesia Stock Exchange), under the stock trading symbol BNBR.

Bakrie Group diversified into the media and telecommunications business in the 1990s. A local TV station, PT. Cakrawala Andalas Televisi (ANTV), was founded in 1992, and started to broadcast nationally in 1993. Also in 1993, Bakrie Group obtained the license to operate fixed wireless telecommunication and entered the telecommunications sector with PT. Bakrie Telecom.

In 2001, Bakrie Group entered the gas and oil sector with the founding of PT. Energi Mega Persada (ENRG), a company focused on developing and exploring for oil and gas in Indonesia. Bakrie Group also acquired 80% of the coal mining company PT Arutmin Indonesia (Arutmin) from BHP Billiton, PT Kaltim Prima Coal from British Petroleum (BP), and Rio Tinto, in 2003.

In 2007, Forbes Asia estimated the Bakrie family were worth US$5.4 billion, however, after the 2008 financial crisis, this dropped to $850 million.

In 2014, Bakrie Group, through Bakrie Global Ventura, made a US$25 million investment in a California-based private social network, Path, which is enabled with photo sharing and messaging service for mobile devices.

Bakrie Group has a limited partnership with Convergence Ventures.

Read the full text

In 2019, Bakrie Group made an undisclosed investment in BumiLangit Studios, an Indonesian character-based entertainment company in Indonesia. The investment was made by VIVA group, who are currently focusing on developing Indonesia's own superhero cinematic universe through the library and intellectual property rights of BumiLangit Studios. The first movie in line, Gundala, released in August 2019, was a theater hit grossing 48.3 billion Rupiah (US$3 million).

In 2020, due to the COVID-19 pandemic, Bakrie & Brothers of Bakrie Group furloughed 153 of its staff for at least 3 months. Additionally, the company also introduced salary reduction plans affecting 800 employees in their attempt to reduce financial burdens due to limited business activity.

From Wikipedia’s article on Bakrie Group, shared under CC BY-SA 4.0.4

Products and brands

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. 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.

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. Its current operations include:

Bentu PSC, Riau

Buzi EPCC, Mozambique

Read the full text

Gebang PSC, North Sumatra

Kangean PSC, East Java

Korinci Baru PSC, Riau

Malacca Strait PSC, Sumatra

Sangatta II CBM PSC, East Kalimantan

Tonga PSC, Sumatra

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. After investigations by independent experts, the police concluded that the mudflow was an "underground blowout" triggered by the drilling activity. It was further noted that steel-encasing lining had not been used, which could have prevented the disaster. Thirteen Lapindo Brantas executives and engineers faced twelve charges of violating Indonesian laws.

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.

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.

BSP has extensive landbanks.

One of its directors is Bungaran Saragih, a former minister of agriculture.

It operates or used to operate on peatlands.

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. As late as 2019, the government of Indonesia still included the project on their National Electricity Supply Business Plan (RUPTL). 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). This decision was not appealed by the project's sponsors before the deadline, so its current status remains cancelled.

Its subsidiary VKTR is the sole brand distributing agent (agen tunggal pemegang merek, ATPM) for BYD electric buses procured by Transjakarta, as the bus operator targeted a 100% electric-powered fleet by 2030. It provided complete built up (CBU) units imported from China as well as chasis to be assembled by local bus body builders such as Laksana.

From Wikipedia’s article on Bakrie Group, shared under CC BY-SA 4.0.4

Subsidiaries and ownership

Owners

  • R.A. Sri Dharmayanti 0%

Subsidiaries

  • VTV

Also owns

From Wikidata.1

Timeline

  1. Aug 28, 1989Went public Listed on Indonesia Stock Exchange1
  2. 1942Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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