Ministry of Finance, Bank Indonesia, Danantara may become BEI shareholders
Translated from Indonesian, summarized and contextualized by DistantNews.
At a glance
- Indonesia's Ministry of Finance, Bank Indonesia, and Danantara could become shareholders of the Indonesia Stock Exchange (BEI).
- This change is stipulated in Law No. 4 of 2026, amending the financial sector development law.
- The move aligns with the BEI's demutualization plan to become a publicly listed company.
Indonesia's Ministry of Finance, the central bank Bank Indonesia, and the Investment Management Company Day Anagata Nusantara (Danantara) are poised to become shareholders of the Indonesia Stock Exchange (BEI). This significant development is outlined in Law No. 4 of 2026, which amends the existing law on financial sector development and strengthening.
The new provision, specifically Article 8B Paragraph 1, states that these government and state-linked entities "can become shareholders of the Stock Exchange." This aligns with the BEI's ongoing demutualization process, which aims to transform the exchange into a publicly listed, profit-oriented company.
The Ministry of Finance, Bank Indonesia, and BPI Danantara can become shareholders of the Stock Exchange.
Danantara's CEO, Rosan Roeslani, has previously expressed interest in acquiring shares, emphasizing the company's ability to invest in various assets. He assured that Danantara would maintain the exchange's independence if it becomes a shareholder. The law also clarifies that BEI's shareholders can include individuals and Indonesian legal entities, reflecting its transition from a member-based organization to a more open, profit-driven market.
Of course, it will remain independent and conduct evaluations. If the pricing is good, then Danantara will enter the capital market.
Originally published by Tempo in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.