BRI Transfers BRI-MI and PNM-IM to Danantara, Strengthening National Investment Consolidation

PT Bank Rakyat Indonesia (Persero) Tbk (BRI) has taken a strategic step by transferring ownership of its subsidiaries and sub-subsidiaries in the investment management sector to PT Danantara Asset Management (DAM). The two entities transferred are PT BRI Manajemen Investasi (BRI-MI) and PT PNM Investment Management (PNM-IM). This policy forms part of the strategy for consolidating national investment management run by Danantara. The step is outlined in the Company’s Disclosure of Information dated 2 April 2026. The transaction was conducted through the signing of a Conditional Sale and Purchase Agreement (PJBB) on 1 April 2026. “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,” it stated. In the transaction, BRI sold 19.5 million shares of BRI-MI to DAM. The transaction value reaches Rp975 billion, equivalent to 65% of the total placed and paid-up capital of BRI-MI. Meanwhile, PT Permodalan Nasional Madani (PNM), as a BRI subsidiary, has taken a similar step. PNM signed a PJBB with DAM for the transfer of 109,999 shares of PNM-IM or equivalent to 99.999% ownership, with a transaction value of Rp345 billion. Through this corporate action, DAM as the operational holding is targeted to form a competitive and innovative asset management company. The hope is that business synergies will be strengthened and able to provide optimal added value for stakeholders. From a governance perspective, the transaction has referred to applicable regulations, particularly Financial Services Authority (OJK) Regulation No. 42/POJK.04/2020 on Affiliated Transactions and Conflicts of Interest. As investment management companies, BRI-MI and PNM-IM operate in managing securities portfolios for clients as well as collective investments. These activities do not include managing insurance funds, pension funds, or banks that manage their investments independently. “In the future, this step is expected not only to benefit the company and shareholders but also to strengthen the national financial industry ecosystem and create sustainable economic and social value,” concluded Dhanny.