Danantara Acquires Four Investment Managers from State-Owned Banks, Total Transaction Exceeds Rp2.7 Trillion

PT Danantara Asset Management has officially undertaken a major corporate action by acquiring four investment management companies (MIs) owned by state-owned banks. This step marks a new chapter in the consolidation of state asset management under the umbrella of the Badan Pengelola Investasi (BPI) Danantara.

Based on disclosures on the Indonesia Stock Exchange on Wednesday (8/4/2026), Danantara has taken over majority shares in PT BRI Manajemen Investasi, PT PNM Investment Management (a subsidiary of BRI), PT Mandiri Manajemen Investasi, and PT BNI Asset Management.

Danantara’s Chief Investment Officer, Pandu Sjahrir, emphasised that this acquisition strategy is intended to streamline the organisational structure while expanding the institution’s scale through the merger of similar business units. “One way is to merge several companies that are actually quite similar,” said Pandu in Jakarta.

Acquisition Transaction Details

According to official documents published, the total value of the acquisition of the four investment managers is estimated to reach more than Rp2.7 trillion. Here are the details of the ownership portions and transaction values:

• BRI Manajemen Investasi (BRI MI): Danantara purchased 19.5 million shares (equivalent to 65%) with a total transaction value of Rp975 billion.

• Mandiri Manajemen Investasi (MMI): Danantara acquired 1,499 shares owned by Mandiri Sekuritas, equivalent to 99.93%. This transaction is recorded as the largest, valued at Rp1.02 trillion.

• BNI Asset Management (BNI AM): The takeover of 39.96 million shares (equivalent to 99.9%) was carried out with a total value of Rp359.64 billion.

• PNM Investment Management (PNM IM): Danantara bought out 109,999 shares or equivalent to 99.99% ownership with a transaction value of Rp345 billion.

This acquisition represents a concrete step by Danantara in centralising the management of investment funds that have previously been scattered across various subsidiaries of Himbara banks. With majority control over nearly all of these MI entities, Danantara is predicted to soon carry out operational mergers to create cost efficiencies and stronger bargaining power in the capital market.

This move is also viewed as the government’s effort to build an investment management powerhouse capable of competing at the regional level, while strengthening public sector investment governance in the second quarter of 2026.