OREANDA-NEWS. Marfrig Global Foods S.A., the parent company of Moy Park Holdings (Europe) Limited, has entered into a definitive agreement with the Brazilian-based company JBS S.A., to acquire 100% of Moy Park.  The value of the transaction is approximately \$1.5 billion US dollars.

The transaction is subject to certain customary consents and approvals by the competent authorities, including antitrust agencies from Europe. The closing of the transaction is expected to occur between the third and fourth quarters of this year.

Moy Park management will keep the market informed of any further news on this development.