In a joint announcement published on Friday, Bell Equipment and IA Bell, the Bell family holding company and largest shareholder in Bell Equipment, have announced IA Bell’s intention to acquire all the issued shares in the JSE-listed capital equipment manufacturer it does not already own for R10 a share, and to delist the company next year. IA Bell is an investment holding company, owned by representatives of the founding Bell family (and affiliates) of Bell Equipment.
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