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在线翻译:
szdaily -> Business
Ant Financial to try again for US approval of MoneyGram deal
    2017-September-18  08:53    Shenzhen Daily

PAYMENT company Ant Financial is planning to resubmit its application for U.S. review of its deal to buy MoneyGram International Inc. for US$1.2 billion, a source said Friday.

Ant Financial and MoneyGram have already refiled for clearance from the Committee on Foreign Investment in the United States (CFIUS) when they were unable to secure it within an assessment period after the first application, Reuters reported in July, quoting sources.

The preparations underscore the trouble Chinese buyers face in persuading the panel that investigates foreign acquisitions to greenlight takeovers. U.S. President Donald Trump last week killed a Chinese investment fund’s purchase of Lattice Semiconductor Corp., which went before the CFIUS three times without winning approval. The panel is now considering at least two other major deals involving Chinese acquirers.

“We are not commenting on the CFIUS process, but we are continuing to work with the various regulatory agencies and remain focused on closing the transaction by the end of the year,” Ant Financial said in a statement.

The latest attempt by the former affiliate of Jack Ma’s Alibaba Group for approval would be its third as the maximum time of 75 days for assessing such applications nears completion.

A CFIUS refile indicates increased government scrutiny and more deals have been resubmitted to the CFIUS since the inauguration of Trump in January.

The CFIUS had objected to at least nine acquisitions of U.S. companies by foreign buyers by July 20, Reuters reported.

Ant Financial finalized its deal to buy Dallas-based MoneyGram in April, after it sweetened its bid by over a third to beat a rival offer from U.S.-based Euronet Worldwide Inc.(SD-Agencies)

 

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