It refers to an American Investor buying up a European company, destroying it in some way (e.g. by using its voting power to force the company to sell all its assets and take on lots of debt, then pay out all that to the investor), and then letting the company go bankrupt.
It’s been a common scheme of American investors in Europe in the 2000s, and has destroyed many local companies, which in turn meant that their marketshare was afterwards taken over by American multinationals.
It was such a common incidence that it became main topic of political debates for a while.
It refers to an American Investor buying up a European company, destroying it in some way (e.g. by using its voting power to force the company to sell all its assets and take on lots of debt, then pay out all that to the investor), and then letting the company go bankrupt.
It’s been a common scheme of American investors in Europe in the 2000s, and has destroyed many local companies, which in turn meant that their marketshare was afterwards taken over by American multinationals.
It was such a common incidence that it became main topic of political debates for a while.
Here’s another article from 2016, discussing all kinds of US investors buying European companies, because never before have US companies taken over more European companies than now: http://www.spiegel.de/wirtschaft/unternehmen/auslaendische-i...