Kagiso arm forms part of Bell's BEE deal

November 1, 2007
HEAVY-duty equipment manufacturer Bell Equipment yesterday unveiled a significant broad-based empowerment deal -- which will see the transfer of 27% of the company -- involving Kagiso Strategic Investments and Bell's employees.
The transaction is the first empowerment deal to be made in the sector for heavy duty equipment manufacturers and will see 30% of a newly created Bell subsidiary transferred to black partners and the group's employees.

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