DeGiro Financial Complaints Query

Thanks very much Michael for sharing your experience, it’s extremely helpful. It does not look very promising from what I understand, even if Kifid’s decision goes in my favour.

Basically they said that because the tender process had not been initiated and centralized by the company itself / Euroclear but through a third party (bank) they were not able to participate to the tender. This means in my view « we or the custodian have not been in contact with the bank organizing the tender process ».
Shareholders who are with other brokers were able to participate to the tender so I don’t see why they could not. In regards to the compensation they mentioned I still have my shares and I could have sold them before. Shares were already quite illiquid, they became even more illiquid after, they only contacted me on the last day, a few hours before the end of the tender to mention it was impossible to tender. Finally, I was willing to tender them, not to sell them. Very simple.