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Global Trade Alert

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United States of America: Review leads Chinese firm Ant Financial to withdraw effort to acquire U.S. money-transfer firm MoneyGram International

Description

On January 2, 2018 the financial services firm Ant Financial announced that its plan to acquire U.S. money transfer company MoneyGram International Inc. for $1.2 billion had ended after a U.S. governm...

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Intervention Details

Intervention Type

FDI: Entry and ownership rule

MAST Chapter

FDI measures

Implementation date

02 Jan 2018

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Products

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