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Accell Group Appeals NMa Verdict

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HEERENVEEN, Netherlands (Nov 25) – Now that the internal appeal of the Dutch Competition Authority (NMa) has not yielded the desired result, Accell Group will turn to the Rotterdam Court. Accell and several other Dutch bicycle companies were convicted to pay hefty fines (Accell €12.8 million; Gazelle €12.9 million and Giant €3.9 million) after being […]

HEERENVEEN, Netherlands (Nov 25) – Now that the internal appeal of the Dutch Competition Authority (NMa) has not yielded the desired result, Accell Group will turn to the Rotterdam Court. Accell and several other Dutch bicycle companies were convicted to pay hefty fines (Accell €12.8 million; Gazelle €12.9 million and Giant €3.9 million) after being charged with having made illegal price deals, creating a cartel in the Dutch bike market.
Accell Group has always denied the allegations, but the NMa has fined them nevertheless. The internal appeal has led to a 10% reduction of the fine, which is in itself remarkable. The fines are reduced to €11.6 million for Gazelle; €11.5 million for Accell and €3.4 million for Giant. However, even more remarkable is the fact that the is no jurisprudence even in European law, where a single, one-sided statement has led to such a conviction. “It might seem the NMa is using this case as a test-trial, to see how far they can stretch the limits of the law” said René Takens, CEO of Accell Group.
Another result of the internal appeal procedure is that the NMA has taken back almost all of the original accusations, and now has built the case on ‘supposed coordination’ on bike prices, a rather vague ‘legal’ term.

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