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Lawmakers urge U.S. Treasury to reject Aleris sale to China Zhongwang Holdings

Monday, June 12, 2017   (0 Comments)
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According to an article by Reuters, lawmakers have urged U.S. Treasury Secretary Steven Mnuchin to block the sale of U.S. aluminum manufacturer Aleris Corp to China Zhongwang Holdings in order to protect U.S. security interests.

"It is critical that CFIUS (Committee on Foreign Investment in the United States) exercise extreme caution when a foreign investment transaction includes the transfer of military proficiencies and sensitive technology to China," the lawmakers wrote.