Controlling stakes in four state-owned investment managers acquired by Danantara
A share purchase agreement (SPA) for shares in PT Mandiri Manajemen Investasi (MMI), PT BRI Manajemen Investasi (BRI MI), PT BNI Asset Management (BNI AM), and PT PNM Investment Management (PNM IM) was formally signed by PT Danantara Asset Management (DAM) on Wednesday.
With the signing, DAM gains authority over the four state-owned investment management firms. According to a statement released by DAM on Thursday, this strategic move shows the company’s dedication to fortifying the basis of Indonesia’s investment management sector and boosting its competitiveness internationally.
As of June 2026, the four businesses’ combined assets under management (AUM) exceeded IDR 170 trillion ($9.43 billion).
This AUM size offers a significant chance to increase public access to investment products while boosting the competitiveness of Indonesia’s investment management sector. It is backed by each company’s experience, distribution networks, investment skills, and investor bases.
According to Dony Oskaria, Chief Operating Officer of Danantara Indonesia, the acquisition of control over the four businesses is a significant step toward creating a new force in the country’s investment management sector rather than just a share purchase deal.
He said that because these four businesses manage more than IDR 170 trillion in assets together and have solid networks, experience, and capabilities, this is a significant step toward strengthening Indonesia’s investment management sector.
“Danantara Indonesia will ensure that all these strengths are directed through enhanced strategy and governance so that they can be more robust, more competitive, and deliver greater added value to Indonesia’s economy,
“Within the next month, these four asset management companies will merge into a single entity, becoming the largest in Indonesia. This process is part of the streamlining efforts currently being carried out by Danantara Indonesia,” he added.
In addition to providing more competitive investment solutions to meet the changing demands of the market, the combined company will increase investment access for both institutional and retail clients through an integrated business model.
In keeping with this strategic goal, the merged business will establish an institution with increased size, capabilities, and competitiveness by combining the advantages, strengths, and expertise of each investment management firm.
According to Hardiyanto Pilia, President Director of PT Mandiri Manajemen Investasi, this foundation will provide crucial funding for the new organization to develop into one of Indonesia’s top investment management firms.
“This consolidation is a strategic step to build a national investment management institution with greater scale, capabilities, and governance. With this foundation, we are optimistic that Indonesia’s investment management industry will become increasingly competitive and further strengthen investor confidence, both domestically and globally,” he added.
