← Back to context

Comment by bpye

4 months ago

This seems similar to the UK government taking control, though not ownership, of British Steel earlier in the year [0] as the Chinese owner was expected to shut down their blast furnaces, an action that could not be easily reversed - if possible at all. One difference is that the UK government rushed through new legislation [1] to allow this, vs the Dutch government using powers they have had for decades.

[0] https://www.bbc.com/news/articles/c5y66y40kgpo

[1] https://en.wikipedia.org/wiki/Steel_Industry_(Special_Measur...

Get control of foreign company with specialist knowledge in a domain you want to dominate, drain its cash and shut it down.