Belgium Blocks Chinese Acquisition of Helicopter Operator NHV
5 Articles
5 Articles
A Belgian screening committee has blocked the takeover of a helicopter company by China. The Ostend-based company Noordzee Helikopters Vlaanderen (NHV) transports personnel to and from offshore platforms. It also bids for contracts for the Belgian Defence. The helicopter company also operates in the Netherlands. The intention was for NHV to be acquired early this year by an Irish helicopter company, a subsidiary of the Chinese aerospace company …
The Ostend-based company Noordzee Helikopters Vlaanderen (NHV) will not end up in Chinese hands after all. The company reports this on its website following the decision of the Interfederal Screening Commission. There were concerns regarding national security interests, as NHV transports personnel to wind farms and oil platforms that are crucial for our energy supply. Furthermore, it is competing for a major maintenance contract with the Ministr…
First Prohibition Under Belgium’s FDI Regime: A Milestone, Not a Revolution
IntroductionOn August 5, 2026, NHV Group announced that its proposed acquisition by GD Helicopter Finance (“GDHF”), ultimately controlled by China-based GDAT Group, would not proceed after Belgian authorities blocked the transaction under Belgium’s foreign direct investment screening regime, following a review coordinated by the Interfederal Screening Committee (“ISC”). This marks the first public prohibition under Belgium’s foreign direct inves…
Belgium blocks Chinese-linked takeover of Ostend helicopter operator NHV over national security concerns
The Belgian authorities have blocked the planned acquisition of Ostend-based helicopter operator NHV Group by GD Helicopter Finance (GDHF), citing concerns over national security, strategic interests and the company’s potential involvement in Belgian military helicopter maintenance. The proposed transaction, announced in December 2025, would have seen GDHF acquire NHV Group from French private equity firm […]
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