Indonesia sovereign fund arm Danantara invests USD 2.5 billion in JBS joint venture
JBS•Funding structure and planned IPO
- Structure includes potential external debt financing of up to USD 2.5 billion, lifting total planned funding to USD 5 billion.
- Parties plan a joint venture IPO; if no IPO by year six, DIM can exchange its stake for newly issued JBS shares.
Danantara to invest USD 2.5 billion in JBS joint venture
- JBS NV entered a partnership with Indonesia sovereign fund arm Danantara Investment Management to invest in protein production across Southeast Asia, Australia, New Zealand.
- DIM committed USD 2.5 billion for 25% of the joint venture, starting with USD 800 million at closing for about 9.64%.
- Joint venture targets greenfield, brownfield projects, acquisitions; first two years limited to Indonesia, then broader regional deployment.
