Global Trade Alert
Global Trade Alert

United States of America: CFIUS blocks the acquisition of Permasteelisa S.p.A.. by Chinese construction group Grandland Holdings

Announcement

27 Nov 2018

On 27 November 2018, CFIUS blocked the acquisition of Permasteelisa S.p.a. by Chinese construction group Grandland Holdings.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

27 Nov 2018

Revocation date:

No revocation date

Updated: 27 Nov 2018
FDI: Entry and ownership rule In force

According to several news reports, on 27 November 2018, interior design company Shenzhen Grandland Holdings Group Co. Ltd. withdrew its EUR 467 million (USD 535 million) offer to acquire building s...

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