BRI Transfers Ownership of Investment Subsidiaries to Danantara

PT Bank Rakyat Indonesia Persero Tbk has taken a strategic step by transferring ownership of its subsidiaries and sub-subsidiaries in the investment management sector to PT Danantara Asset Management. The entities transferred include PT BRI Manajemen Investasi and PT PNM Investment Management as part of efforts to consolidate national investment management. This step is outlined in the company’s disclosure of information released on 2 April 2026, with the transaction conducted through the signing of a Conditional Share Purchase Agreement (PJBB) on 1 April 2026. BRI’s Corporate Secretary, Dhanny, stated that the policy is part of strengthening the state-owned enterprise 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 said. In the transaction, BRI and Danantara Asset Management signed the PJBB regarding the planned transfer of 19.5 million shares of BRI Manajemen Investasi. The transaction value reaches Rp975 billion, equivalent to 65% of the total placed and paid-up capital at BRI-MI. Meanwhile, PT Permodalan Nasional Madani, as a BRI subsidiary, is taking a similar step by transferring ownership of PT PNM Investment Management. Through the same agreement, 109,999 shares or nearly all ownership, namely 99.999%, are transferred to Danantara Asset Management with a transaction value of Rp345 billion. As an operational holding, Danantara Asset Management targets the establishment of a strong and competitive asset management company through product and service innovation. This consolidation is expected to create business synergies while strengthening the capabilities of the national financial industry to provide broader benefits. The implementation of this transaction also refers to applicable regulations, including Financial Services Authority Regulation No. 42/POJK.04/2020 on Affiliated Transactions and Conflict of Interest Transactions, to ensure governance runs in accordance with provisions. As investment management companies, the involved entities carry out portfolio securities management activities for the benefit of clients as well as collective investment management. Such activities do not include managing funds owned by insurance companies, pension funds, or banks that manage their investments independently in accordance with applicable rules. “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.