Babboe cargo bike disaster: Accell lenders fear for their money, KKR is restructuring management. Accell doesn't have much time because lenders are losing trust.
In the Netherlands and Germany alone, Accell promises customers a new cargo bike for 15,000 recalled bikes from its Babboe brand. A decision on whether to recall further models is pending. KKR took Accell off the Amsterdam stock exchange in the summer of 2022 for around 1.56 billion euros and loans.