Under-fire JBS shocked the industry - and Moy Park management, according to sources close to the business - in June when it revealed it was off-loading the business as part of a 7bn reais (£1.7bn) fire sale of assets to help pay a 10.3bn reais (£2.5bn) fine related to corruption, including bribing thousands of politicians. The sale, which valued the equity of Moy Park at $1bn (£790m), gets the business off the JBS balance sheet while keeping it in the wider company stable, with Nasdaq-listed Pilgrim's almost 80% owned by the Brazilian firm.