China's Ant Financial refiles for US approval of MoneyGram deal

China's Ant Financial refiles for US approval of MoneyGram deal

A logo of Ant Financial is displayed at an event of the company in Hong Kong, China November 1, 2016. REUTERS/Bobby Yip

Ant Financial, the affiliate of China’s Alibaba Group Holding Ltd that agreed to buy money transfer company MoneyGram International Inc for $1.2 billion, has resubmitted the deal for U.S. review, people familiar with the matter said.

The deal is the latest and most high-profile transaction to be refiled this year with the Committee on Foreign Investment in the United States (CFIUS), a secretive government panel which reviews acquisitions by foreign entities for potential national security risks.

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