BBRI Transfers Two Investment Entities Worth Rp1.32 Trillion to Danantara, Here's Why - Financial Business
PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) states that the transfer of ownership of two investment management entities to PT Danantara Asset Management (DAM) is part of the consolidation efforts in the state-owned enterprises (BUMN) investment management sector. The total value of the share transfer transaction for both entities amounts to approximately Rp1.32 trillion.
The transaction was conducted through the signing of a Conditional Share Purchase Agreement (PJBB) on 1 April 2026.
BRI Corporate Secretary Dhanny stated that the transfer of ownership of BRI-MI and PNM-IM is part of the consolidation efforts within the BUMN ecosystem. According to him, this step is aimed at building a more integrated and competitive asset management company.
“This initiative is designed to support the formation of a more integrated, adaptive, and competitive asset management company, capable of generating economic and social value in line with Indonesia’s long-term agenda,” said Dhanny in a written statement received on Friday (10/4/2026).
In the business entity divestment transaction, BRI signed a PJBB with DAM for the sale of 19.5 million shares of BRI-MI, equivalent to 65% of the placed and paid-up capital. The value of the share transfer is Rp975 billion.
Meanwhile, PT Permodalan Nasional Madani (PNM), a subsidiary of BRI, also signed a PJBB with DAM regarding the planned sale of 109,999 shares of PNM-IM. This number of shares is equivalent to 99.999% of the placed and paid-up capital of PNM-IM, with a transaction value of Rp345 billion.
Management states that this consolidation step is expected to strengthen business synergies and complement investment management capabilities within the BUMN ecosystem. Additionally, the merger of asset management capacities is considered to have the potential to increase business scale and operational efficiency.
From a governance perspective, the company emphasises that the transaction implementation refers to applicable legal regulations, particularly Financial Services Authority (OJK) Regulation No. 42/POJK.04/2020 on Affiliated Transactions and Conflict of Interest Transactions.
As investment manager companies, the transferred entities carry out business activities in managing securities portfolios for the benefit of clients as well as managing collective investment portfolios. These activities do not include managing insurance company funds, pension funds, or banks that manage their own investments in accordance with regulatory provisions.
“Going forward, this step is expected not only to provide benefits to the company and shareholders but also to contribute to strengthening the national financial industry ecosystem and creating sustainable economic and social value,” Dhanny concluded.