US government blocks Lixil's sale of Permasteelisa to Grandland

A US government panel blocked Japanese company Lixil from selling its Italian cladding subsidiary Permasteelisa to Chinese firm Grandland for €467 million, citing national security concerns.

“The trade war probably had an effect on the American decision.”globalconstructionreview.com

• 1 source
• globalconstructionreview.comUS blocks sale of Italian cladding giant Permasteelisa to Chinese company - Global Construction ReviewGCR Staff 23.10.18Oct 23, 2018

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