Due to impending war reparations, the DRG was a private company, but shares were bought by the Reich in 1937, effectively nationalizing the corporation.

As a result the Federal Reserve was issued a stock warrant for 79.9% of the equity in AIG, effectively nationalizing the world's largest insurer.

In May, the government effectively nationalized the fifth-largest lender, Resona Holdings, which had dangerously low capital.

If the banks failed to pay dividends, the government could convert the shares into common stock, effectively nationalizing them.

Together, they tried to radicalize Russian theatres, effectively nationalizing them under Bolshevik control.

Steel, mining, machine tools, water, telecommunications, insurance, and electrical plants, among other industries, were effectively nationalized in the mid-1950s.

In February 1963, the Enterprise Nationalization Law was passed, effectively nationalizing all major industries and prohibiting the formation of new factories.

As British Leyland struggled through financial turmoil and an industrial-relations crisis during the 1970s, it was effectively nationalized after a multi-billion-pound government cash injection in 1975.

On 29 September 2008 Iceland's Glitnir was effectively nationalized after the Icelandic government acquired 75% of the bank's stock.

In 1720 France effectively nationalized the French East India Company, and began using it to expand its imperial interests.