SEA Deal Ticker
Indonesia's sovereign fund is buying protein, not startups: Danantara puts $2.5B behind JBS
Brazilian meat packer JBS and Danantara Investment Management will form a joint venture covering Indonesia, Southeast Asia, Australia and New Zealand, folding in JBS's ANZ businesses. The Indonesian fund commits $2.5 billion.
Positive-sum angle: Processing capacity built inside the region turns Indonesian feed, farms and cold chains into export supply rather than import demand, and pays local operators before it pays freight.