JBS Sells $US2.5b Stake of Australia, NZ Operation to Foreign Wealth Fund

JBS sells $US2.5b stake of Australia, NZ operation to foreign wealth fund

JBS Australia sells 25 per cent stake to Danantara for $US2.5 billion. Discover how this deal will accelerate regional protein supply chains and future acquisitions.

JBS Signs Deal Worth Up to US$5 Billion in Indonesia

JBS agreed a deal worth up to US$5 billion with an Indonesian sovereign wealth fund to form an Asia-Pacific protein joint venture, with Citi. The post JBS Signs Deal Worth Up to US$5 Billion in Indonesia appeared first on The Rio Times.

JBS Foods Australia sells $3.5bn stake to Danantara

JBS Foods Australia, the local subsidiary of the world’s largest meat processing company, has sold a 25 per cent stake in its business to Danantara Indonesia, an investment arm of Indonesia’s sovereign wealth fund. The transaction is reportedly worth $3.57 billion and will see a partnership formed between the two over the operation of JBS Australia and New Zealand. The joint venture is also maintaining capacity for a further $3.5 billion in inve…

JBS plans $5 bln Indonesia expansion - LatinFinance

Brazilian meat giant sells 25% of its subsidiaries in Australia and New Zealand to Indonesia's sovereign wealth fund

Danantara takes stake in JBS Australia and NZ operations

Image: JBSIndonesia’s sovereign wealth fund, Danantara Investment Management, will acquire a 25 per cent stake in JBS’s Australia and New Zealand operations as part of a new partnership targeting growth across Southeast Asia. The transaction includes a USD$2.5 billion (AUD$3.5 billion) equity investment from Danantara, giving it a 25 per cent stake in JBS’s Australia and New Zealand operations. The joint venture is also expected to provide a fur…