17 Feb 2017
In the run-up to the Dutch general election on 15 March, the government has proposed legislation that would give it the power to block or undo mergers in the telecommunications sector, Reuters reports. Henk Kamp, Minister of Economic Affairs, said in a statement: ‘The Netherlands profits from the fact that we have an open economy. We take over more companies abroad than vice versa … 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.’ The minister said the draft law was required to give legal grounds for blocking such acquisitions.
A statement on the Ministry of Economic Affairs website added that an online public consultation for the draft law was launched on 16 February, and that in the second quarter of 2017 Minister Kamp intends to assess the proposals with the Council of State before presenting the bill to parliament.