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Accell Sells Stake in Derby Cycle to Pon

Published October 11, 2011

HEERENVEN, the Netherlands (BRAIN)—Accell Group N.V. has sold its 22 percent stake in Derby Cycle AG to Pon Holdings at a price of €28 per share.

For Accell Group this results in a book profit of €17 million on the sale of its shares in Derby Cycle.

On September 21 Pon Holdings announced its intention to make a public offer for all outstanding shares of Derby Cycle. The agreed price of €28 per share for Accell Group’s stake in Derby Cycle equals the price of the intended public offer.

Topics associated with this article: Earnings/Financial Reports