BSP Life, Fiji’s life and health insurance provider, has sold a 40% stake in Future Farms Pte Limited (trading as Rooster Poultry) to the Fiji National Provident Fund (FNPF).
BSP Life’s Managing Director Michael Nacola described the transaction as a milestone for the country’s largest institutional investors, emphasising Rooster Poultry’s role in reducing import reliance and its compliance with international standards like ISO 9000.
“The Rooster brand has also been active in community engagement. Through major sponsorships, it has supported up-and-coming talent, particularly in women’s rugby.”
The company, employing around 400 staff mainly in Ba, has ambitious growth plans, including exports and new product lines.
FNPF CEO Viliame Vodonaivalu highlighted the acquisition’s alignment with the Fund’s diversification strategy and commitment to sustainable returns.
“The Fund is committed to responsible investing, prioritising companies that demonstrate strong corporate citizenship and environmental stewardship. Rooster Poultry exemplifies these values through its proactive approach to sustainability, community engagement and ethical governance, making it an ideal investment choice. Our decision to invest in Rooster Poultry followed an extensive due diligence process, ensuring that it aligns with our investment objectives and long-term value creation for our members,” Vodonaivalu said. “We’re excited about this partnership and look forward to capitalizing on more opportunities together.”
Rooster Poultry, known for quality and excellence, has received the President’s awards in 2018 and 2021 and holds ISO 9001:2015 and ISO 22000:2018 certifications.
Photo: BSP Life/File
