JBS signed a strategic partnership with Danantara Investment Management, the investment arm of Indonesia’s sovereign wealth fund, to expand its presence in Asia. The agreement provides for a US$ 2.5 billion investment by the fund in a joint venture with JBS operations in Australia and New Zealand, with the possibility of raising an additional US$ 2.5 billion in debt, bringing the potential total value of the transaction to US$ 5 billion to finance acquisitions and expansion projects in Indonesia, Australia, New Zealand and other Southeast Asian markets.
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