The Dutch Investors’ Association (VEB) is gunning for Absa, Barclays and Commerzbank. Business Day reported that VEB, which launched legal proceedings against Steinhoff International in January, has notified the three banks involved in Steinhoff’s Frankfurt listing that it is holding them liable for damages incurred by Steinhoff shareholders. VEB’s head of European relations, Armand Kersten, spoke to Business Day TV about the rationale behind the planned action. OR LISTEN TO THE AUDIO: Listen to all latest podcasts here.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now