EU data protection
fromTNW | Data-Security
1 day agoNetherlands blocks US firm from buying DigiD cloud host
The Netherlands fully blocked Kyndryl from acquiring Solvinity due to public-interest risks tied to US CLOUD Act data access powers.
State Secretary Willemijn Aerdts of Economic Affairs and Climate Policy (EZK) has banned the acquisition of Solvinity by the American company Kyndryl. The decision was made yesterday (May 25) on the advice of the Investment Assessment Bureau, which identified a risk to the public interest based on the WOZT. The Investment Assessment Bureau (BTI) received a notification of the proposed acquisition on November 21 and immediately launched an investigation based on the Act on Undesirable Control in Telecommunications (WOZT). Upon completion of that investigation, the BTI recommended a complete ban. State Secretary Aerdts adopted that recommendation.
Australia ordered the shareholders linked to China to sell their stakes in Northern Minerals, a company that is developing a rare earth mine. Treasurer Jim Chalmers said he had issued orders on Monday following concerns that Chinese investors had tried to take control of Northern Minerals. The Australia-based mining company is developing its Browns Range project in the far north of the state of Western Australia to mine significant reserves of dysprosium and terbium. The six companies are to sell their stake within two weeks.