Danantara’s operational holding receives 70% shares in JSMR

JAKARTA – The operational holding of BPI Danantara has received the transfer of 70% of the government's series B shares in PT Jasa Marga (Persero) Tbk (JSMR).
Ari Wibowo, Corporate Secretary & Chief Administration Officer of JSMR, announced that PT Biro Klasifikasi Indonesia (Persero) or BKI received the transfer of 70% of shares in the company last week (22/3). "The ownership status is held directly," he said in a disclosure of information on Thursday (27/3).
The transfer of the government's 5.08 billion shares to BKI at a price of IDR 500 results in a transaction value of IDR 2.54 trillion. This corporate action refers to Government Regulation (PP) No.15/2025 regarding the Additional State Capital Participation in BKI's share capital to become an operational holding, which was released last week (21/3).
Following the corporate action, the government remains the controlling shareholder of JSMR with ownership of series A shares.
As of February 28, 2025, JSMR has 7.25 billion shares, with 70% held by the controlling shareholder and 30% by the public. There are 17,059 shareholders, and the Ministry of State-Owned Enterprises (BUMN) is the beneficial owner of the shares.
With BKI holding 70% of JSMR shares, the operational holding now owns a majority stake in several state-owned enterprises, including PT Telkom Indonesia (Persero) Tbk (TLKM), PT Bank Mandiri (Persero) Tbk (BMRI), PT Bank Negara Indonesia (Persero) Tbk (BBNI), PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), PT Bank Tabungan Negara (Persero) Tbk (BBTN), and PT Garuda Indonesia (Persero) Tbk (GIAA). (LK/ZH)