BRI (BBRI) Announces Transfer of BRI-MI and PNM-IM Shares to Danantara
PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI) is transferring ownership of its subsidiary and sub-subsidiary in the investment management sector, namely PT BRI Manajemen Investasi (BRI-MI) and PT PNM Investment Management (PNM-IM), to PT Danantara Asset Management (DAM). This step is part of the consolidation strategy being implemented by Danantara in the national investment management sector.
This is stated in the Company’s Disclosure of Information issued on 2 April 2026, with the transaction carried out through the signing of a Conditional Share Purchase Agreement (PJBB) on 1 April 2026.
BRI Corporate Secretary Dhanny revealed that the transfer of ownership of BRI-MI and PNM-IM is part of efforts to consolidate within the state-owned enterprise (BUMN) ecosystem.
“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,” he stated in his official remarks on Friday (10/4/2026).
In the transaction, BRI and DAM have signed a Conditional Share Purchase Agreement (PJBB) for the planned purchase of 19,500,000 BRI-MI shares owned by the Company, resulting in the takeover of BRI-MI. The transaction value for the transfer of BRI-MI shares is Rp975 billion for 19.5 million shares. This number of shares is equivalent to 65% of the total paid-up capital of BRI-MI.
Meanwhile, PT Permodalan Nasional Madani (PNM), as a controlled entity of BRI, has signed a PJBB with DAM for the planned purchase of 109,999 PNM-IM shares owned by PNM, resulting in the takeover of PNM-IM. The 109,999 shares are equivalent to 99.999% of the total paid-up capital issued by PNM-IM. The transaction value is Rp345 billion.
DAM, as the operational holding, intends to create an asset management company that will become a champion with strong competitiveness through product and service innovation, thereby providing optimal added value for all stakeholders. This affiliated transaction is expected to enhance business synergy potential and complement existing capabilities, thus providing broader and more optimal benefits.
Regarding governance, the implementation of the transaction refers to applicable laws and regulations, particularly Financial Services Authority Regulation No. 42/POJK.04/2020 on Affiliated Transactions and Conflict of Interest Transactions.
As an investment management entity, these entities conduct business activities in the form of managing securities portfolios for the benefit of clients and/or managing collective investment portfolios for a group of clients. These activities do not include managing insurance company funds, pension funds, or banks that manage their own investments in accordance with applicable laws and regulations.
“Going forward, this step is expected not only to benefit the Company and its shareholders but also to contribute to strengthening the national financial industry ecosystem and creating sustainable economic and social value,” Dhanny concluded.