Meat packer JBS to partner Indonesian wealth fund arm in joint venture
07/08/2026 11:55
Meat packer JBS to partner Indonesian wealth fund arm in joint venture SAO PAULO, Aug 7 (Reuters) - JBS JBS.N has agreed to form a joint venture with PT Danantara (DIM), an arm of Indonesia's sovereign wealth fund, to pursue investments in protein production across Indonesia, Southeastern Asia, Australia and New Zealand, it said on Friday.
The venture will include a $2.5 billion investment from the Indonesian fund and hold JBS's existing Australia and New Zealand businesses, the Brazilian meatpacker said in a securities filing.
(Reporting by Roberto Samora and Gabriel Araujo
Editing by David Goodman
)((Gabriel.Araujo2@thomsonreuters.com; +55 11 5047-3352;))
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