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.
Earnings · Brazil
Key Facts
—The deal JBS and PT Danantara Investment Management (DIM), an arm of Indonesia’s sovereign wealth fund, agreed a joint venture worth up to US$5 billion on 7 August 2026.
—Equity component Danantara will invest US$2.5 billion in equity for a 25% stake, phased with US$800 million at closing and up to US$1.7 billion over three years.
—Debt capacity The venture plans to raise up to an additional US$2.5 billion in debt financing after the equity is fully funded.
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