Global Trade Alert
Global Trade Alert

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

Announcement

02 Jan 2018

In response to objections from the Committee on Foreign Investment in the United States the financial services firm Ant Financial announced an end to plans to acquire U.S. money transfer company MoneyGram International Inc.

 

 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

02 Jan 2018

Revocation date:

No revocation date

Updated: 02 Jan 2018
FDI: Entry and ownership rule In force

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. gove...

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