Fischer reports, “Sun Group’s deep connections with Russia have raised concerns about the deal’s ability to clear U.S. regulatory review. Forbes hoped to close the $800 million agreement by the end of March.
“Details: The move to have Sun Group dropped as lead investor was meant to minimize the role and influence that Sun Group vice chair Shiv Khemka would play in the agreement, one source noted. Khemka built his business and has lived in Russia for decades.
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