Jakarta, Aug. 10 -- Indonesia's sovereign investment agency Danantara is preparing to acquire a stake in the Indonesia Stock Exchange (IDX) as part of the market operator's ongoing demutualization process.

Danantara Chief Investment Officer Pandu Sjahrir confirmed that the agency is coordinating with the Financial Services Authority (OJK) and the IDX Board of Directors to finalize the ownership transition.

"Our demutualization process is still in progress, both with the OJK and the Exchange Board of Directors. God willing, it will be completed in the next few months," Sjahrir told reporters at the IDX Building in Jakarta on Monday.

He explained that Danantara's equity acquisition in the IDX will be executed through its subsidiary, PT D...