Danantara Acquires Four State-Owned Investment Managers, Prepares Merger with Funds
Danantara Indonesia, through PT Danantara Asset Management (DAM), has officially taken ownership of four investment management companies owned by state-owned enterprises (SOEs) after signing Share Purchase Agreements (SPA) covering PT Mandiri Manajemen Investasi (MMI), PT BRI Manajemen Investasi (BRI MI), PT BNI Asset Management (BNI AM) and PT PNM Investment Management (PNM IM).
With the signing, control of the four companies has formally passed to DAM. Collectively, the four investment managers oversee assets under management (AUM) worth more than Rp170 trillion as of June 2026.
Chief Operating Officer of Danantara Indonesia, Dony Oskaria, said the acquisition is not merely a share purchase transaction, but part of a strategy to build a stronger and more competitive investment management institution at national level.
According to him, the four companies have track records, networks and capabilities that complement one another. All of these strengths will be integrated through better strategy and governance to enhance competitiveness while adding value to the Indonesian economy.
As a follow-up, Danantara is targeting to complete the merger of the four companies within the next month. Once the consolidation is finished, the new entity is projected to become the largest asset management company in Indonesia.
Dony explained that the move is part of the streamlining programme currently being undertaken by Danantara Indonesia to improve efficiency and strengthen business capacity.
Through an integrated business model, the merged company is expected to broaden investment access for both retail and institutional investors, whilst offering more competitive investment products and solutions in line with evolving market needs.
In addition, the consolidation is intended to combine the experience, expertise and strengths of each company, forming an institution with greater scale, capability and competitiveness in the national asset management industry. (Antara)