U.S. watchdog expands scrutiny to more Chinese deals

U.S. watchdog expands scrutiny to more Chinese deals
 

Insurance mergers and acquisitions rarely raise red flags with U.S. national security watchdogs.
China's Fosun International Ltd (0656.HK) took that history to heart last year when it paid $1.84 billion for the remaining 80 percent stake of U.S. property and casualty insurer Ironshore Inc that it did not already own.
But in December 2015, one month after Fosun completed the acquisition, it was approached by officials at the Committee on Foreign Investment in the United States (CFIUS), a government panel that scrutinizes deals over national security concerns, according to people familiar... read more

 
11 October 2016 in Business, Views: 35
Source: Reuters
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