China's richest farmer linked to £1bn Moy Park takeover

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Monday, 21 August 2017 at 10:22

By Gillian McDade @gillianmc

by Gillian McDade

China's richest chicken farmer, New Hope, has been linked to a one billion pound takeover of Moy Park.

The Dungannon-based company is owned by Brazil-based meat processor JBS.

Citing unnamed sources, The Daily Telegraph on Saturday reported New Hope was the frontrunner.

The company was put up for sale by JBS in June.

JBS bought Moy Park from Brazilian meat giant Marfrig two years ago.

China’s “richest chicken farmer” linked with Moy Park deal (£) https://t.co/Tv9vYRPI6H pic.twitter.com/EWtJ36JuP1
— The Grocer (@TheGrocer) August 21, 2017

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