Yellen Asked to Probe Issues in an Ammunition Maker’s Sale
- US House lawmaker cites planned sale to firm in Czech Republic
- Company in proposed sale makes ammunition for US military
Janet Yellen
Photographer: Haiyun Jiang/BloombergThis article is for subscribers only.
Representative Clay Higgins, a member of the House Homeland Security Committee, has asked Treasury Secretary Janet Yellen to “thoroughly review national security concerns” in the proposed sale of a US ammunition manufacturer to a firm based in the Czech Republic.
The concerns involve the sale of Vista Outdoor’s ammunition business to the holding company Czechoslovak Group, or CSG, which Higgins said would weaken national security if the Committee on Foreign Investment in the US, or Cfius, approves the sale.