[Code of Federal Regulations]
[Title 16, Volume 1]
[Revised as of January 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 16CFR802.52]

[Page 612]
 
                     TITLE 16--COMMERCIAL PRACTICES
 
                   CHAPTER I--FEDERAL TRADE COMMISSION
 
PART 802_EXEMPTION RULES--Table of Contents
 
Sec. 802.52  Acquisitions by or from foreign governmental corporations.

    An acquisition shall be exempt from the requirements of the act if:
    (a) The ultimate parent entity of either the acquiring person or the 
acquired person is controlled by a foreign state, foreign government, or 
agency thereof; and
    (b) The acquisition is of assets located within that foreign state 
or of voting securities of an issuer organized under the laws of that 
state.

    Example: The government of foreign country X has decided to sell 
assets of its wholly owned corporation, B, all of which are located in 
foreign country X. The buyer is ``A,'' a U.S. person. Regardless of the 
aggregate sales in or into the United States attributable to the assets 
of B, the transaction is exempt under this section. (If such aggregate 
sales were $50 million or less, the transaction would also be exempt 
under Sec. 802.50.)

[43 FR 33544, July 31, 1978, as amended at 67 FR 11904, Mar. 18, 2002]