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Dutch giants APG, PGGM exploring possibility of future LIBOR claims

Dutch giants APG, PGGM exploring possibility of future LIBOR claims

NETHERLANDS – The large Dutch asset managers APG and PGGM are exploring their options for possible future legal claims against banks involved in the manipulation of the London Interbank Offered Rate (LIBOR).

 

Harmen Geers, spokesman for the €329bn APG, the asset manager of the €292bn civil service scheme ABP, said: “Currently, we are examining whether, when and how LIBOR-rigging might have affected our interests.”

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