Evaluation of Business Restructuring Process in the Formation of Palm Oil Plantation Company “X” in Indonesia

Abstract

This study aims to evaluate the success of business restructuring in one of plantation company in Indonesia and find the core problems that cause delaying on its company restructuring so the best advice for this problem can be deliver in a right way.  The evaluation did by comparing the targets that given from the sharehooder with the realitu (achievement) especially with the timeline of merger that cause another problem.  The impact of merger delaying caused the failure of Company “X” to achieve the IPO (Initial Public Offering) target as one of company “X” step to get fund raising. Initially, the fund that reached from IPO will be used to build another cooking oil factory and pay behalf of company’s debt to the creditor.   This research tries to answer what factors caused merger in Company “X” could not reach the timeline targeted from the shareholder and what are the best suggestions for Company “X” to face this problem and situation. The method of this research using research strategy “Evaluation” and the research method is “Qualitative Method”. The Data Collection using primary and secondary data which come from document review and interviews. The result of this research show that Creditor Approval, Relationship with Stakeholders, Aggressive Timeline, Resisten Parties and Unfavorable Condition be the factors that cause the Obstacle of Successful merger in Company “X”.