PALMOILMAGAZINE, JAKARTA — PT Sampoerna Agro Tbk (SGRO) has entered a new chapter following its formal takeover by Posco International Corporation. The Indonesian palm oil producer has officially changed its corporate identity and reshuffled its board of commissioners after shareholders approved key resolutions at an Extraordinary General Meeting held on Tuesday (January 13, 2026).
In a disclosure to the stock exchange, management confirmed that shareholders had approved the proposal to rename the company from PT Sampoerna Agro Tbk to PT Prime Agri Resources Tbk. The meeting also endorsed changes to the company’s supervisory board, marking a significant milestone in SGRO’s post-acquisition restructuring.
The company noted that alternative names — PT Prime Agro Resources Tbk or PT Premier Agri Resources Tbk — have been prepared should regulatory approval for the primary name not be granted by the Ministry of Law and Human Rights or other authorities.
Also Read: POSCO International Takes Over Sampoerna Agro: A Major Shake-Up in Indonesia’s Palm Oil Industry
New President Commissioner Appointed
Alongside the rebranding, the meeting accepted the resignation of Eka Dharmajanto Kasih as President Commissioner. He has been replaced by Byoungsun Kong, who now assumes the top supervisory role.
Meanwhile, Raden Bagus Permana Agung Dradjattun and Saud Usman Nasution continue to serve as Independent Commissioners.
The board changes underscore Posco’s active role in reshaping the company’s governance structure following its entry as controlling shareholder.
Also Read: RHB Revises 2026 CPO Forecast After Indonesia Raises Export Tax to 12.5%
Posco Secures Majority Control in Rp9.44 Trillion Deal
Posco International, through its subsidiary AGPA Pte Ltd, recently completed the acquisition of 65.721% of SGRO shares previously held by Twinwood Family Holdings Limited, an entity affiliated with the Sampoerna Group.
The transaction involved approximately 1.19 billion shares and was valued at around Rp9.44 trillion, implying a purchase price of Rp7,903 per share.
Also Read: Sustainability Risks Loom, GAPKI Pushes Productivity Over Papua Land Expansion
Strengthening Palm Oil Value Chain for Biofuel
Posco said the acquisition strengthens its fully integrated palm oil value chain — from seed development to crude palm oil production — positioning the group to support future biofuel and renewable energy initiatives.
According to Posco’s official statement, the deal adds 128,000 hectares of plantations to its portfolio, lifting its global agricultural land bank to about 150,000 hectares, including existing operations in Papua, Indonesia.
SGRO operates oil palm estates across Sumatra and Kalimantan, and also controls businesses in oil palm seed production and agricultural research. Posco highlighted that the company’s seed unit ranks among the top players in Indonesia’s domestic market.
Also Read: KPBN Inacom CPO Prices Fall Slightly on Friday (1/23), CPO Trading on the Malaysian Exchange Weakens
One of the main attractions for Posco is the maturity profile of SGRO’s plantations, which are already in their prime production phase — offering what the group described as relatively stable returns from the outset.
“Palm oil is a long-term, high-return industry, as harvesting begins three to four years after planting and production can continue for more than 20 years,” Posco stated.
With its transformation into PT Prime Agri Resources Tbk and the installation of a new board leadership, the former Sampoerna Agro is now set to move forward as a core pillar of Posco’s strategy to build a more integrated and sustainable palm oil platform, including as part of its longer-term renewable energy supply chain ambitions. (P2)
