Because government doesn't have formal ownership and has policy of draining the assets of the company, I don't think it can be considered nationalization in any meaningful sense.
Its more of a from of transfer from one set of private owners to another, with the government getting a kind of temporary tax. Its not wholly dissimilar to what the Nazis did actually (not to go argumentum ad-hitlerum); Take over domestic (public or private) assets of the region seized and then give them away at a fraction of the value to German capital.
But in any case its effects are net negative compared to alternative paths.
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