The European Commission has decided not to oppose the €1.3bn sale of Moy Park to JBS because it "does not raise serious doubts as to its compatibility with the common market" in terms of competition.

JBS agreed to buy Moy Park last June from another Brazilian company, Marfrig.

JBS is already the world's largest meat processor, with beef its main product followed by pork and poultry. It is, however, mostly present in the US, South America and Australia, and the acquisition of Moy Park will give it a foothold in Europe.

Some 800 farmers supply Moy Park, including 600 in Northern Ireland.

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Brazil’s JBS to pay $1.5bn for Northern Ireland-based Moy Park