Danantara Transfers BRI, BNI and Mandiri Shares to BP BUMN, Operational Normal is Assured

Danantara (Photo: Antara)

JAKARTA - Three member banks of the State-Owned Bank Association (Himbara) officially announced the transfer of Series B shares owned by PT Danantara Asset Management (DAM) to the State-Owned Enterprise Regulation Agency (BP BUMN).

The three banks involved are PT Bank Rakyat Indonesia (Persero) Tbk/BRI, PT Bank Negara Indonesia (Persero) Tbk/BNI, and PT Bank Mandiri (Persero) Tbk.

This step was taken following the mandate of Law Number 16 of 2025 concerning the Fourth Amendment to the SOE Law. The announcement was made through the disclosure of information from the Indonesia Stock Exchange (IDX), Wednesday, January 7, 2026.

BRI

BRI transferred 806,109,768 Series B shares owned by DAM to BP BUMN. The shares are valued at Rp50 per share or equivalent to 0.53 percent of the total shares of BBRI.

With this transaction, the government through the Head of BP BUMN now directly holds 1 share of Series A Dwiwarna followed by 806.10 million Series B shares. The government also remains the controlling shareholder through indirect ownership of DAM as many as 79.80 million Series B shares.

The transfer of ownership of the shares was carried out through the signing of an agreement on January 5, 2026.

"The transfer does not affect the Company's operational activities, laws, financial conditions, and business continuity," said BRI's Corporate Secretary, Dhanny, quoted from the BEI's public information disclosure, Wednesday, January 7.

BNI

BNI transferred 223,783,877 Series B shares owned by DAM to BP BUMN, with a nominal value of IDR 3,750 per share or 0.6 percent of all BBNI shares. Thus, the government through the Head of BP BUMN now directly owns 1 share of Series A Dwiwarna and 223.78 million Series B shares.

The government remains the Ultimate Beneficial Owner through indirect ownership of DAM as many as 210.22 million Series B shares and 21.94 million Series C shares consolidated in the Anagata Nusantara Power Investment Management Agency (BPI Danantara).

Various administrative procedures have been completed through a share transfer agreement signed on January 5, 2026. BNI also ensures that this step does not disrupt the company's business.

BNI also emphasized that the transfer of shares did not affect the operational activities, laws, financial conditions, and the continuity of the company's own business.

Bank Mandiri

Meanwhile, Bank Mandiri also transferred 485,333,332 Series B shares owned by DAM to BP BUMN. The shares are valued at Rp125 per share, equivalent to 0.52 percent of Mandiri's total shares.

With this transfer, the government through the Head of BP BUMN directly owns 1 share of Series A Dwiwarna and 485.33 million shares of Series B. The government also remains the Ultimate Beneficial Owner of Mandiri through indirect ownership of DAM of 48.04 million shares of Series B.

The transaction of transferring Mandiri shares was also carried out through an agreement signed on January 5, 2026.