World's largest meat producer moving to Ireland

The world's largest meat producer, Brazilian food company JBS, is moving to Ireland - and shifting assets worth more than €30bn here.

The firm has annual sales of $45bn, it has filed with the Securities and Exchange Commission (SEC) in New York to move its parent company to Ireland.

Last year it spent €1.35bn acquiring Northern Irish poultry company Moy Park.

The new Irish-based entity will be floated on the New York stock exchange, according to The Irish Times.