Belgium blocks China-linked takeover of helicopter operator NHV Group

Belgium authorities have intervened to prevent a planned acquisition of the Belgian helicopter operator, NHV Group, by GD Helicopter Finance (GDHF). This Irish entity was seeking to purchase the Ostend-based company. The intervention occurred due to concerns regarding potential Chinese links associated with GDHF. Specifically, Belgium’s competition authority cited national security considerations as the basis for its decision. Consequently, the proposed transaction has been blocked, halting the takeover attempt involving GDHF and NHV Group.