Bakrie Group  The Bakrie Group is an Indonesian conglomerate founded by Achmad Bakrie in 1942. It has interests across 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 companies listed on the Indonesia Stock Exchange. It is headed by Nirwan Darmawan Bakrie and Indra Usmansyah Bakrie as co-chairmen. Bakrie Sumatera Plantations Tbk (BSP) is a subsidiary of Bakrie Group. The company has under its management around 100,000 ha of oil palm and rubber plantations. BSP has extensive landbanks. One of its directors is Bungaran Saragih, a former minister of agriculture. It operates or used to operate on peatlands. Achmad Bakrie founded Bakrie & Brothers ("N.V. Bakrie & Brothers") in 1942 in Telukbetung, South Sumatera. Bakrie & Brothers was established as a general trading and distribution company. In the 1950s Bakrie Group business activities have expanded to include general trading, construction services, agribusiness, coal mining, oil & gas, and telecommunications; while continuing to develop manufacturing such as steel pipes, building materials, and automotive components. In 1986, Bakrie & Brothers acquired 75% shares of a local rubber plantation company PT. Uniroyal Sumatera Plantations (UNSP) then later changed the company name to PT. Bakrie Sumatera Plantations. In 1989, Bakrie & Brothers (BNBR) was listed in Jakarta Stock Exchange (now the Indonesia Stock Exchange). Beside its main subsidiary, Bakrie & Brothers, Bakrie Group has several other subsidiaries in several other industries, among others: