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5 Things You Need To Know About Ingram Micro's HNA Relationship

In a letter to partners, Ingram Micro CEO Alain Monie said “regardless of any issues HNA may experience” that “will not and cannot change” how Ingram Micro does business, or how partners do business with the distributor.

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Uncle Sam Is Watching

HNA’s ownership of Ingram Micro is governed by the U.S. Department of Treasury’s Committee on Foreign Investments to the U.S. or CFIUS. According to its website, CFIUS is authorized to review transactions involving foreign investment in the United States and certain real estate transactions by foreign persons, in order to determine the effect of such transactions on the national security of the United States. Changes to the laws in 2018, and in 2020, gave the president more authority to step in under CFIUS if there was a threat to national security.

“Any change to Ingram Micro's ownership to a foreign entity would require approval by the U.S. Government,” Monie wrote in his letter to partners. “We believe it is extremely unlikely the U.S. government would approve the transfer of ownership of Ingram Micro to a Chinese government entity. Additionally, as we have for the past three years, we continue to operate in close cooperation with U.S. Government agencies designated to ensure that HNA's ownership of Ingram Micro poses no threat to U.S. national security interests.

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