BRI Transfers Shares of BRI Manajemen Investasi and PNM Investment Management to Danantara Asset Management

JAKARTA, KOMPAS.com - PT Bank Rakyat Indonesia (Persero) Tbk or BRI is transferring ownership of its subsidiaries, namely BRI Manajemen Investasi (BRI MI) and PT PNM Investment Management (PNM IM), to PT Danantara Asset Management (DAM). BRI Corporate Secretary Dhanny stated that the transfer of the two subsidiaries is part of the consolidation of 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 said in a written statement on Friday (10/4/2026). The acquisition transaction was conducted through the signing of a Conditional Share Purchase Agreement (PJBB) on 1 April 2026. The transaction value for the transfer of BRI MI shares is Rp975 billion for 19.5 million shares. That number of shares is equivalent to 65% of the total placed and paid-up capital of BRI MI. Meanwhile, PT Permodalan Nasional Madani (PNM), as a controlled company of BRI, has signed a PJBB with DAM for the planned purchase of 109,999 shares of PNM IM owned by PNM. The number of shares, 109,999, is equivalent to 99.999% of the total placed and paid-up capital issued by PNM IM. The transaction value is Rp345 billion. With this share transfer, BRI MI and PNM IM shares are now officially owned by DAM. DAM becomes the operational holding for BUMN in the investment management sector. DAM will carry out business activities in the form of managing securities portfolios for customer interests as well as managing collective investment portfolios for a group of customers. These activities do not include managing insurance company funds, pension funds, or banks that manage their own investments in accordance with applicable regulations. In the future, DAM will lead this BUMN holding to success, with strong competitiveness through product and service innovations to provide optimal added value for all stakeholders. “This step is expected not only to benefit the company and shareholders but also to contribute to strengthening the national financial industry ecosystem and creating sustainable economic and social value,” he added. This affiliated transaction is expected to increase business synergy potential and complement existing capabilities, thereby providing broader and more optimal benefits. Regarding governance, the transaction implementation refers to applicable legal provisions, particularly Financial Services Authority Regulation (POJK) No. 42/POJK.04/2020 on Affiliated Transactions and Conflict of Interest Transactions.