ABSTRACT
There has been renewed interest in how political risk affects multinationals that operate under dictatorial regimes. For obvious reasons, much of this research has focused on the relationship between companies in Germany during the Second World War and the Nazi regime. The chapter examines how Christiani & Nielsen became involved in large-scale building projects in German-occupied Europe, focusing on the strategic planning of its management. Even though management had decided that it was group policy to build military installations for the Germans, it was of vital importance that as few people as possible were aware of the company's activities. Not even the heavy Allied bombing of the French harbours caused the group to pull out. Christiani & Nielsen succeeded in acquiring some of the construction work on the large installations with the help of the company's German advisor, Arnold Agatz, who was in charge of the construction of submarine bunkers for the Navy construction office.
