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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
by bpye 1y 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 https://www.bbc.com/news/articles/c5y66y40kgpo
[1] https://en.wikipedia.org/wiki/Steel_Industry_(Special_Measures)_Act_2025 https://en.wikipedia.org/wiki/Steel_Industry_(Special_Measur...
- karlitooo 1y agoGet control of foreign company with specialist knowledge in a domain you want to dominate, drain its cash and shut it down.