Danantara Investment Management Acquires 25 Pct. Stake in JBS Australia/New Zealand Business for $2.5 Billion

By Lynda Kiernan-Stone Danantara Investment Management (DIM), a subsidiary of Indonesia’s sovereign wealth fund Danantara Indonesia, has acquired a 25 percent stake in JBS’ Australia and New Zealand operations for an equity investment of US$2.5 billion. In addition to this initial investment, under the terms of this newly formed joint venture, an additional $2.5 billion […]