Tag Archives: CFIUS

CFIUS Clearance: Ørsted A/S and Uncommitted lease area for wind development from Eversource Energy

By Trade Practitioner on Posted in CFIUS Case Summaries, Clearance
Status:                  Clearance Acquirer:              Ørsted A/S (Denmark) Acquired:             Uncommitted lease area for wind development from Eversource Energy (U.S.) Value:                    $625 million Industry Tags:    Energy… Continue Reading

Upcoming/New Filing: Mars Acquisition Corp. and ScanTech Identification Beam Systems, LLC

By Trade Practitioner on Posted in CFIUS Case Summaries, New Filing
Status:                   Upcoming/New Filing Acquirer:               Mars Acquisition Corp. (Cayman Islands) Acquired:              ScanTech Identification Beam Systems, LLC (U.S.) Value:                   $149.5 million Industry Tags:       Logistics; Security Solutions… Continue Reading

Upcoming/New CFIUS Filing: Paccar Inc.; Cummins, Inc.; Daimler Trucks Group Company; EVE Energy Co., Ltd. – Joint Venture

By Trade Practitioner on Posted in CFIUS Case Summaries, Upcoming/New Filing
Status:                  Upcoming/New Filing Acquirer:              Paccar Inc. (U.S.); Cummins Inc. (U.S.); Daimler Trucks Group Company (Germany); EVE Energy Co., Ltd. (China) Acquired:             New joint venture (U.S.) Value:                   $2-3 billion Industry Tags:    Battery and Electronic Component Manufacturing; Electric Vehicles… Continue Reading

CFIUS Clearance: Brookfield Infrastructure Partners LP and FirstEnergy Transmission, LLC

By Trade Practitioner on Posted in CFIUS Case Summaries, Clearance
Status:               Clearance Acquirer:                         Brookfield Infrastructure Partners LP (Canada) Acquired:                        FirstEnergy Transmission, LLC (U.S.) Value:                              $2.375 billion Industry Tags:             Energy; Regulated Utilities… Continue Reading

North Dakota Law Another Example of State Regulation Over Foreign Acquisitions of Land

By Trade Practitioner on Posted in Foreign Investment Reviews
On April 29, 2023, North Dakota Governor Doug Burgum signed Senate Bill No. 2371 into law, which prohibits local development and ownership of real property by “foreign adversaries,” effective August 1, 2023. The law sunsets on July 31, 2025 and will be ineffective after that date unless renewed. This state law is one of the … Continue Reading

Upcoming/New CFIUS Filing: Viterra Limited; Glencore PLC; Canada Pension Plan Investment Board; British Columbia Investment Management Corporation; and Bunge Limited

By Trade Practitioner on Posted in CFIUS Case Summaries, New Filing
Status: Upcoming/ New Filing Acquirer: Viterra Limited (The Netherlands); Glencore PLC (Sweden); Canada Pension Plan Investment Board (Canada); British Columbia Investment Management Corporation (Canada) Acquired: Bunge Limited (U.S.) Value: $8.2 billion Industry Tags:  Agriculture; Agribusiness… Continue Reading

Proposed Texas Law will Increase CFIUS Risks over Non-Notified Investments in that State

By Trade Practitioner on Posted in Foreign Investment Reviews
On April 25, 2023, the Texas State Senate Committee on State Affairs unanimously passed Senate Bill No. 2142 that would allow Texas to report any non-notified foreign investments of “concern” to the Committee on Foreign Investment in the United States “CFIUS.”  The pending bill will authorize the Texas Attorney General (“TAG”) to establish a process … Continue Reading

CFIUS Expands Reach of its Covered Real Estate Authority with the Addition of Eight New “Military Installations”

By Trade Practitioner on Posted in Foreign Investment Reviews
On May 5, 2023, the U.S. Department of Treasury, the agency tasked with administering the Committee on Foreign Investment in the United States (CFIUS), published a Proposed Rule (88 Fed. Reg. 29003) expanding the list of “military installations” that could trigger CFIUS authority over certain real estate transactions in 31 C.F.R. Part 802 (“Part 802”).  … Continue Reading

CFIUS Clearance: Sino Biopharmaceutical Limited and F-Star Therapeutics, Inc.

By Trade Practitioner on Posted in CFIUS Case Summaries, Clearance, Interim Order, Mitigation, Withdrawn and Refiled
Status Tags:        Clearance; Mitigation; Withdraw and Refiled (2d Time); Interim Order; Withdrawn and Refiled Acquirer:            Sino Biopharmaceutical Limited (Hong Kong SAR, China) Acquired:           F-Star Therapeutics, Inc. (United Kingdom; U.S.) Value:                 $161 million   Industry Tags:    Pharmaceutical; Biotechnology; Healthcare… Continue Reading

CFIUS Determination Regarding “Excepted Foreign State”

By Trade Practitioner on Posted in Foreign Investment Reviews
On February 13, 2022, the Office of Investment Security of the U.S. Department of Treasury, which administers the Committee on Foreign Investment in the United States (CFIUS), published a final determination finding that (1) the United Kingdom of Great Britain and Northern Irelands and (2) New Zealand have the met the criteria for remaining an … Continue Reading
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