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Netherlands proposes merger powers

The Dutch government has proposed legislation that would give it power to block or undo mergers in the telecoms sector, reports Reuters. In a statement, the Economic Affairs Ministry said telecoms, including data hosting centres and other internet infrastructure, is vital to national security and the law was permissible under European Union rules. “The Netherlands profits from the fact that we have an open economy,” said minister, Henk Kamp, in a statement. “We take over more companies abroad than vice versa.” However, he said “our country is not helped by takeovers by foreign companies that are linked to criminal activities, that are financially weak or that have a non-transparent ownership structure”. He said the new law is needed to give a legal basis to prevent such takeovers. Read more

  • Tuesday, 21 February 2017

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