Moy Park sold to Brazilian company JBS

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Craigavon based Moy Park, which employs more that 8,000 staff, is reported to have been sold in a deal worth almost £1billion.

Marfrig, which has owned the poultry firm since 2008, has sold it to another Brazilian meat company, JBS.

Moy Park’s supplies chicken products to supermarkets across Europe and has premises in Dungannon, Ballymena and Craigavon.

JBS has said it expects to complete the purchase in the second half of 2015 and is subject to approval from European Union antitrust authorities.