Danantara to Create an Asset Management Behemoth Through Merger?

Key Summary:
- Potential total asset under management is $6-9 billion
- Danantara is working to boost liquidity in equity market
- Could provide short-term sentiment for SOE stocks
According to Bloomberg, Indonesia’s sovereign wealth fund, Danantara, is reportedly planning to establish a national asset management company by merging several of the largest SOE asset management units to compete both locally and internationally. This news has not been confirmed by Danantara.
What’s the headline? Allegedly, Danantara plans to merge the asset management divisions of Bank Mandiri (BMRI), Bank Rakyat Indonesia (BBRI), and Bank Negara Indonesia (BBNI), targeted for completion as soon as 1Q26.