Local assets and companies have become targets for investors, both through mergers and acquisitions (M&A) and direct investment. Bloomberg data for 2017 shows 148 offers, comprising M&A and investment deals, totaling US$9.4 billion, or approximately Rp 125 trillion.
The largest deal was the planned acquisition of the Martabe gold and silver mine in Sumatra by Chinese mining company Shandong Gold Group, with an investment value of US$1.5 billion, or approximately Rp 20 trillion. Second largest was Tencent Holding's investment in Go-Jek Indonesia, valued at US$1.2 billion, followed by an investment of US$1.1 billion from Alibaba Group, China's largest e-commerce company, in Tokopedia. Additionally, Japan Tobacco Inc. purchased the kretek cigarette companies Karyadibya Mahardika and Surya Mustika Nusantara for US$1 billion.
Of the planned M&A and investment deals, 75 offers with a value of US$2 billion were completed. 48 offers valued at US$2.9 billion were delayed. One offer, valued at Rp 75.1 million, was terminated, and 21 offers totaling US$4.3 billion are still under review.