The Netherlands - Accell Group have announced that it will not continue discussions with Pon Holdings about its conditional offer of 11 April to buy the group.
Accell Group have announced financial results for the first six months of 2017. While net turnover increased by 0.7% to € 634 million, net profit was just € 26.3 million—a fall of 22.7% compared to the same period last year.
The Netherlands – Accell Group N.V. recorded a 10% increase in turnover to € 629.7 million in the six months to 30 June 2016 (2015: € 573.8 million). The rise in turnover was entirely organic. Net profit in the same period rose by 7% to € 34.0 million (2015: € 31.9 million).
