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Fitch: Moy Park's Takeover Bid by JBS Positive for Marfrig; Neutral for JBS' Credit Quality

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings views the takeover bid by JBS S.A. of 100% shares in Moy Park Holdings Europe Ltd (Moy Park) to be positive for Marfrig Global Foods S.A. (Marfrig) and neutral for JBS S.A. (JBS)'s credit profiles. If completed under current terms, JBS SA will acquire Moy Park in a transaction valued at USD1.5 billion (cash payment of USD1.19 billion), adjusted by the working capital variation, as well as by the net debt of the Moy Park business at the conclusion of the

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