The Netherlands Investment Institution, formed four years ago by pension funds and insurance companies to invest in the Netherlands, is winding itself up because of a lack of projects. The fund was set up by some of the biggest Dutch pension funds plus Aegon and ASR following political pressure to encourage institutional investors to put more money into the Netherlands. The initial target was €1bn in investments but with the total stalling at €360m, the company has now decided to close down, the Financieele Dagblad said on Tuesday. ‘The lack of suitable projects has been the biggest disappointment,’ NLII director Loek Sibbing told the paper. For example, major infrastructure projects find it easy to find investors while other projects investigated by the NLII, such as heat transport from Rotterdam port and boosting the sustainability of schools, were not cost effective, he is quoted as saying.
Over 80 Kilos Cocaine Found On Dutch Plane In Argentina; Three Dutch Arrested
More than 80 kilograms of cocaine was found on a Martinair Cargo plane in Argentina. Seven men, three of whom...
