JBS and Indonesia’s wealth fund team up for protein investments
Food group and tannery owner JBS has partnered the investment arm of Indonesia’s sovereign wealth fund, PT Danantara Investment Management, to pursue investment opportunities in the protein production sector.
The joint venture expects to invest in greenfield and brownfield sites, with acquisitions across Indonesia, other Southeast Asian
markets, Australia and New Zealand.
Following the full DIM investment, the joint venture is expected to raise up to $2.5 billion of external debt financing, bringing
the partnership's expected capital raise up to $5 billion.
The regions account for around 745 million people, or 9.2%
of the global population.