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Ant Financial and MoneyGram have already refiled for clearance
from 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,
citing sources.
“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," the company said in a statement.
Ant Financial's latest attempt for approval would be its third
as the maximum time of 75 days for assessing such applications
nears completion.
CFIUS is a secretive government panel which reviews acquisitions
by foreign entities for potential national security risks.
A CFIUS refile indicates increased government scrutiny and more
deals have been resubmitted to CFIUS since the inauguration of
U.S. President Donald Trump in January.
CFIUS had objected to at least nine acquisitions of U.S.
companies by foreign buyers by July 20, Reuters reported, citing
people familiar with the matter said.
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 <EEFT.O>.
MoneyGram, and CFIUS could not immediately be reached for
comment.
Ant Financial's plans were earlier reported by Bloomberg.
(Reporting by Ismail Shakil in Bengaluru and Liana Baker in New
York; Editing by Cynthia Osterman & Simon Cameron-Moore)
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