Image: JBSIndonesia’s sovereign wealth fund, Danantara Investment Management, will acquire a 25 per cent stake in JBS’s Australia and New Zealand operations as part of a new partnership targeting growth across Southeast Asia. The transaction includes a USD$2.5 billion (AUD$3.5 billion) equity investment from Danantara, giving it a 25 per cent stake in JBS’s Australia and New Zealand operations. The funds will be used for acquisitions, greenfield investments and other growth opportunities across Indonesia, Australia, New Zealand and Southeast Asia. “This investment is a strong endorsement of JBS Australia’s proven track record in establishing and growing food businesses throughout Australia, New Zealand and around the world,” said Brent Eastwood, CEO of JBS Australia. “Under the structure of the partnership, JBS Australia’s operations remain unchanged – existing management retains day-to-day control, and nothing changes for our 17,000 team members, customers and producer partners.”