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Dutch government says in talks with 250 companies about Brexit move

Published 02/09/2019, 07:12 AM
Updated 02/09/2019, 07:12 AM
© Reuters.  Dutch government says in talks with 250 companies about Brexit move

AMSTERDAM (Reuters) - The Dutch government said on Saturday it was in talks with 250 companies about moving operations to the Netherlands from Britain ahead of Britain's exit from the European Union, scheduled for March 29.

The Economic Affairs Ministry said in a report that a recruitment program had brought 42 companies or branch offices and 1,923 jobs from Britain to the Netherlands in 2018.

The report named Japanese investment bank Norinchukin, media company TVT Media, financial services providers MarketAxess and Azimo, and maritime insurer UK P&I Club among movers.

"In 2019, several companies, including Discovery and Bloomberg have already announced their intention to invest in the Netherlands because of Brexit," the ministry said.

"Additionally, the Netherlands Foreign Investment Agency is talking with more than 250 foreign companies considering setting up operations in the Netherlands following Brexit."

It said most were British, but some were American or Asian firms reconsidering their European branch structures.

"These include companies in the financial sector, media and advertising, life sciences & health and logistics," it said.

Companies that have moved some operations to the Netherlands or signaled an intention to do so also include Chicago's Cboe Global Markets, the London Stock Exchange Group (LON:LSE), Tradeweb, Panasonic and Mitsubishi UFJ Financial Group.

The European Medicines Agency, which is already operating from a temporary space in Amsterdam, is moving 900 staff to the Netherlands from London by the end of this year.

Latest comments

And the Nederlands is a tiny country in eu. What the ******are the Brits doing? Is there No economy smartness left in the UK? Why is this even happening? As a Dutchman I petty the Brits for being on this self destructief path. Crazy.
The Netherlands is not that small mijn vriend. I’m pretty sure a large amount of them can be taken in by us. But this is what the british people want... I guess... or was it russia?!
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