Indonesia forms largest fund manager via four-way merger

Corporate Action
โดย Private Banker International·Read original
Summary · why it matters

Indonesia's sovereign wealth fund Danantara has finalized the merger of four state-owned asset management businesses into a single company, creating the country's largest asset manager. The investment management arms of PT Bank Rakyat Indonesia, PT Bank Negara Indonesia, PT Bank Mandiri, and PT Permodalan Nasional Madani have been combined under Mandiri Manajemen Investasi. Danantara purchased the holdings in the four businesses for Rp2.7tn, or $150m, according to exchange disclosures from April. By early 2025, the asset management operations of BRI, BNI, and Bank Mandiri oversaw roughly $8bn in combined assets. The transaction is part of Danantara's broader push to raise the output of Indonesia's state-owned companies through consolidation and restructuring.

Impact on stocks 0

Off-coverage companies 5

Mandiri Manajemen InvestasiPrivate▲ Positive
Capitalrelevance

Mandiri Manajemen Investasi becomes the largest asset manager in Indonesia via the merger, a positive consolidation.

Bank MandiriPrivate± Mixed
Capitalrelevance

Bank Mandiri's asset management arm was merged into Mandiri Manajemen Investasi; the impact on the bank itself is indirect and unclear.

Bank Negara IndonesiaPrivate± Mixed
Capitalrelevance

Bank Negara Indonesia's asset management arm was merged; impact on the bank is indirect and unclear.

Permodalan Nasional MadaniPrivate± Mixed
Capitalrelevance

Permodalan Nasional Madani's asset management arm was merged; impact on the company is indirect and unclear.

Bank Rakyat Indonesia (PT Bank Rakyat Indonesia Tbk)Private± Mixed
relevance

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