JBS 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.

Danantara, a sovereign wealth fund, is buying a 25 per cent stake in JBS Australasia, which owns Primo smallgoods, Huon salmon and Rivalea pork.

JBS 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,…