July 4, 2017 / 12:24 PM / 5 months ago

Dutch government: rethinking plan to hinder foreign takeover attempts

AMSTERDAM, July 4 (Reuters) - The Dutch government signalled on Tuesday it would rethink a plan to delay or prevent unwanted takeovers of Dutch companies by foreign firms.

In a letter to parliament ahead of a vote on proposals offering Dutch firms more protection from takeovers, Economic Affairs Minister Henk Kamp said the idea could conflict with European law and the government’s desire for a favourable investment climate in the Netherlands.

Reporting by Toby Sterling; editing by John Stonestreet

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