Accell Stake Divested by Pon Holdings
Pon Holdings sold its 20% stake in its big Dutch competitor, Accell Group, at the end of last year, according to reports in various Dutch media. In 2017, Pon made an offer to raise its stake in Accell from 5% to 20%, but its proposal was rejected after months of negotiations. Then, its multi-millionaire chairman, Wijnand Pon, quietly accumulated a whopping 20% block of shares in Accell within ten days in late ... Log in to view full article.