Jakarta, 23 July 2026 – PT Danantara Asset Management (“DAM”) officially signed a Share Purchase Agreement (“SPA”) for the shares of PT Mandiri Manajemen Investasi (“MMI”), PT BRI Manajemen Investasi (“BRI MI”), PT BNI Asset Management (“BNI AM”), and PT PNM Investment Management (“PNM IM”) on 22 July 2026.

The signing marked the transfer of control of the four SOE investment management companies to DAM. This strategic step forms part of DAM’s commitment to strengthening the foundations of the national investment management industry to make it increasingly competitive and globally competitive.

Collectively, the four companies recorded more than Rp170 trillion in assets under management (“AUM”) as of June 2026. This scale of assets under management, supported by the experience, distribution networks, investment capabilities, and investor bases of each company, represents an important strength in expanding public access to investment products while enhancing the competitiveness of Indonesia’s investment management industry.

Chief Operating Officer of Danantara Indonesia, Dony Oskaria, stated that the acquisition of control of the four companies was not merely a share purchase transaction, but a major step toward building a new force in the national investment management industry.

“This is a major step toward strengthening the national investment management industry. These four companies possess strong experience, networks, and capabilities, and collectively manage more than Rp170 trillion in assets. Danantara Indonesia will ensure that all of these strengths are directed through increasingly robust strategies and governance so that they can grow stronger, become more competitive, and deliver greater added value to the Indonesian economy. Within the next month, these four asset management companies will merge into the largest asset management company in Indonesia. This process forms part of the streamlining currently being undertaken by Danantara Indonesia,” Dony said.

Through an integrated business model, the consolidated company will expand access to investment for both retail and institutional investors, while offering increasingly competitive investment solutions to meet the continuously evolving needs of the market.

In line with this strategic direction, the consolidated company will combine the strengths, experience, and advantages of each investment management company to build an institution with greater scale, stronger capabilities, and enhanced competitiveness.

President Director of PT Mandiri Manajemen Investasi, Hardiyanto Pilia, stated that this foundation would provide important capital for the new entity to grow into one of Indonesia’s leading investment management companies.

“This consolidation is a strategic step toward building a national investment management institution with increasingly strong scale, capabilities, and governance. With this foundation, we are optimistic that Indonesia’s investment management industry will become increasingly competitive and strengthen investor confidence, both domestically and globally.”

In the retail segment, the consolidated company will develop thematic investment products and expand access to investment through the Himbara banking network, in line with the growth in the number of national Single Investor Identifications (“SID”), which has exceeded 20 million investors.

Meanwhile, in the institutional segment, the company will strengthen its investment management capabilities by expanding its investor base and providing more comprehensive investment solutions for various domestic institutions.

“We see tremendous momentum ahead. With a continuously growing retail investor base and increasingly strong institutional confidence, the synergy of these four entities will position the consolidated company as the investment partner of choice for millions of Indonesians,” Hardiyanto said.

President Director of PT BRI Manajemen Investasi, Arief Budiman, described the merger as a strategic opportunity to deepen retail market penetration. As of June 2026, BRI MI recorded total AUM of Rp52.61 trillion, supported by a strong retail customer base that will serve as important capital in strengthening the ecosystem of the consolidated company.

“With the strength of its distribution network and continuously expanding retail investor base, this merger will broaden public access to trusted investment products while accelerating the deepening of the capital market.”

President Director of PT BNI Asset Management, Ari Adil, emphasised that BNI AM’s balanced business composition across the retail and institutional segments, with AUM of Rp29.59 trillion as of June 2026, would become one of the key strengths in enhancing the capabilities of the consolidated company.

“We are optimistic that this merger will strengthen national investment management capacity through the synergy of investment expertise, product innovation, stronger governance, and an increasingly solid and competitive business scale.”

President Director of PT PNM Investment Management, Ade Santoso Djajanegara, emphasised that PNM IM’s experience in developing inclusive investment, with AUM of Rp10.31 trillion as of June 2026, would complement the strengths of the consolidated company in expanding public access to investment services.

“This collaboration is an important step toward building an investment management institution that is not only stronger as a business, but also capable of broadening economic benefits and promoting more sustainable growth.”

The signing of this agreement represents an important milestone in strengthening the national investment management industry. Through an integration process that will be implemented gradually while continuing to prioritise the principles of prudence, regulatory compliance, and continuity of services for customers and all business partners, DAM is optimistic that it can build an increasingly competitive and trusted national investment management institution capable of becoming one of the main drivers of growth in Indonesia’s capital market.

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