Business · Companies · 3 hrs ago
Bank Mandiri Agrees to Sell Its Inhealth Stake to IFG Life for Rp570 Billion
Bank Mandiri agreed to sell its 20% stake in Inhealth to IFG Life for Rp570 billion.
The deal covers 200,000 shares and was set out in a conditional share sale agreement signed on October 26, 2026.
Inhealth is an Indonesian life insurer, and IFG Life already owns 80% of it.
If the sale goes ahead, IFG Life will own all of Inhealth, while Bank Mandiri will no longer hold shares in the company.
The banks described the sale as part of a plan to consolidate state-owned life insurance businesses under IFG and Danantara Asset Management.
The transaction does not require shareholder approval because its value and other measures fall below the threshold for a material transaction.
The agreement is conditional, and no further steps or completion date were stated.
Bank Mandiri signed a conditional agreement to sell its entire 20% stake in PT Asuransi Jiwa Inhealth Indonesia to IFG Life for Rp570 billion.
The agreement was signed on 26 October 2026, according to a disclosure reported by CNBC Indonesia.
The 200,000 shares being sold represent 20% of Inhealth’s equity.
Bank Mandiri said the divestment is part of an effort to streamline the life insurance industry through consolidation.
The bank said the deal is an affiliated transaction but not a material transaction requiring shareholder approval.
- Who
- Bank Mandiri is selling its Inhealth stake to IFG Life.
- What
- The parties signed a conditional share sale agreement for Rp570 billion, covering 200,000 shares, or 20% of Inhealth.
- When
- The agreement was signed on 26 October 2026.
- Where
- Not stated
- Why
- Bank Mandiri said the sale supports life insurance industry streamlining and consolidation.
This story does not have two clearly opposing sides.
Inhealth’s shareholder composition changed, and the company entered the IFG holding structure as an IFG Life subsidiary.
Bank Mandiri and IFG Life signed a conditional agreement for the sale of Bank Mandiri’s Inhealth shares.
The agreement was reported in a disclosure to the Indonesia Stock Exchange.
- Sale price
- Rp570 billion
- Shares to be sold
- 200,000 shares
- Stake sold
- 20% of Inhealth’s equity
- Buyer
- IFG Life
- Agreement date
- 26 October 2026
- Approval
- Bank Mandiri said the deal does not require shareholder approval
What people are saying
The sale price of the shares sold, as agreed in the Conditional Share Sale Agreement, is Rp570 billion.
Given that IFG Life and the company [Bank Mandiri] are affiliated parties under Article 1 point 1 of POJK No.42/2020, the Inhealth divestment is an Affiliated Transaction.
The divestment is expected to represent a state-owned company capable of competing with global life insurance companies.