Netherlands blocks Solvinity sale to US tech giant

The Dutch government has blocked the sale of Solvinity, the company that manages its online services portal DigiD, to the US-based tech giant Kyndryl amid concerns that millions of citizens’ private data could be compromised. Willemijn Aerts, the junior minister responsible for the digital economy, vetoed the takeover “to protect the public interest”. She had asked the BTI, the agency that vets cross-border investments, to assess the risk of the deal to national security. Solvinity, a Dutch-based IT services company,…