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.
