The pension fund of the dispensing chemists chain and pharmaceutical wholesaler OPG was has been awarded €40m in damages by an Amsterdam court following the collapse of the US merchant bank Lehman Brothers, report various media on Monday.

The OPG pension fund had asked for €47m compensation from its American asset manager State Street. It was awarded €40m plus interest and court costs. State Street had placed the majority of OPG pension fund’s share portfolio with Lehman Brothers and this was no longer accessible once the bank went bankrupt in September 2008.