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CFIUS Welcomes Dubai Ports World’s Announcement to Submit to New Review

Follow-up to Calls for Congressional, GAO and Treasury IG Investigations of Port Deal, this announcement from Treasury today: “The Committee on Foreign Investment in the United States (CFIUS) today welcomed the announcement by Dubai Ports World (DPW) that it will submit for review its proposed acquisition of control of U.S. port terminal operations. Specifically, DPW has asked for a CFIUS review, including the 45-day investigation under the Exon-Florio amendment, based on a restructured transaction that the company intends to file with the Committee. Upon receipt of the new notification, CFIUS will promptly initiate the review process and fulfill DPW’s request for a full investigation.”

  • AP: Bush Accepts DP World’s Offer of Review
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