FNPF buys 40% of BSP Life’s shares in Rooster Poultry

FNPF buys 40% of BSP Life’s shares in Rooster Poultry

By Iliana Biutu
Tuesday 21/05/2024

The Fiji National Provident Fund has bought 40 percent of BSP Life’s shares in Future Farms Pte Limited, which is trading as Rooster Poultry.

BSP Life Managing Director, Michael Nacola says this strategic transaction marks a significant milestone for the two largest institutional investors in the country and they are delighted to partner with the national provident fund on this high-performing asset.

Nacola says BSP Life has announced the divestment of 40 percent of shares in Future Farms Limited as one of their success stories and a blue-chip investment.

He says the Rooster brand has become a household name and has grown significantly in the last decade supporting our national ambition to be self-sufficient in poultry and reducing the need for imported products.

FNPF Chief Executive Officer, Viliame Vodonaivalu says Future Farms Limited serves as another strategic investment for the Fund, aligning with their portfolio diversification and ensuring sustainable returns for their members.

Vodonaivalu says this acquisition is timely as it capitalises on the resilience and rapid growth in the consumer staples sector.

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