IA Bell & Company Proprietary Limited (“IA Bell”)

Our role

Investec is advising on the proposed acquisition of Bell Equipment Limited ordinary shares by IA Bell and the subsequent delisting of Bell Equipment Limited from the JSE.

The proposed transaction will see IA Bell acquire all the issued ordinary shares not already owned by IA Bell from the shareholders of Bell Equipment Limited, excluding certain shareholders related to the founding family of Bell Equipment Limited and certain third parties, for a cash consideration of R53.00 per share and the subsequent delisting of Bell Equipment Limited from the JSE. The transaction will be implemented by way of a scheme of arrangement.

About Bell Equipment Limited

Bell Equipment Limited, a proudly South African company, has established itself as a reliable supplier of mining and construction equipment. With nearly 70 years of experience, Bell Equipment manufactures, distributes, and provides support for material handling equipment across a wide range of industries. Their global footprint allows them to serve customers worldwide.

As specialists in Articulated Dump Trucks (ADTs), Bell Equipment offers the largest range of ADTs in the world. Their ADTs are the core product of their portfolio, and they are renowned for their continuous product innovation and exceptional performance in the mining industry. Bell Equipment's commitment to quality and reliability has earned them a strong reputation as trusted mining equipment suppliers.