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Huge Equity Fund Takes Big Stake in Accell


AMSTERDAM, The Netherlands – Last December, after a period of decline, the rating of the Accell Group shares suddenly shot up. It was caused by one of world’s largest equity funds that has taken a big stake in Europe’s number one bike maker.

Huge Equity Fund Takes Big Stake in Accell
FMR is now Accell Group’s second largest shareholder.

On December 10, 2012 FMR LLC reached an over 10% stake in Accell Group NV which is listed on the Amsterdam AScX stock exchange. FMR is a financial services conglomerate known as Fidelity Investments. It is one of the world’s largest mutual fund firms which serves more than 20 million individual and institutional clients, as well as 5,000-plus financial intermediary firms. Fidelity manages nearly 500 funds, boasting some US$3.7 trillion in assets under administration.

Substantial shareholdings
On its website, in the overview of substantial shareholdings, Accell Group lists that FMR LLC since December 10, 2012 owns 10.01% of all the issued shares of the in the Netherlands based bike maker. This listing indicates that the huge equity firm expanded its stake in Accell since July 2011 when it owned somewhat over 5% of all shares. In the fifteen months since FMR – Fidelity Investments kept on buying Accell shares and currently owns 10.01% of all issued shares.

Biggest shareholders
With that stake FMR – Fidelity Investments isn’t the biggest Accell Group shareholder. The biggest is Delta Lloyd’s equity firm that owns 13.53% of Accell Group. FMR comes now second and is followed by Darlin NV; another equity firm that holds  7.40% of all the issued shares.

Striking new investor
Last year, on March 9, another striking new investor bought a big slice of Accell.One of the richest men in the Netherlands, John Fentener Van Vlissingen, acquired through his investment company – Boron Investments NV – an over 5% stake in Europe’s biggest bike company. John Fentener van Vlissingen is a descendant of an illustrious family of entrepreneurs who have founded, among others, MAKRO. This worldwide operating wholesaler is currently owned by Europe’s largest retailer METRO but was part of the SHV holding with which the family Fentener van Vlissingen made their fortune.

For the current Accell shares rating, see the stockchart.

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