Bell Group N.V. (in Liquidation)

In July 1996, Bell Group NV (“BGNV”) was placed in to winding up. Liquidations in Cuacao, U.K. and Australia have resulted in distributions to creditors of the failed business.

After much litigation, in 2020 a Scheme of Arrangement was agreed, allowing for a settlement and distribution to the groups creditors.

Security Issue
Original ISIN
Amount
Outstanding
Original ISINCEDELSEDOLWPK
BELLGR 11% due 1995A$ 75mCH0005575151477279
BELLGR 5% due 1997GBP 75mGB00409017111773184090171 (LU)481426
BELLGR 10% due 1997A$ 175mXS00000012471476214092371480769

Purchase Offer
On the 11th of March 2024, Southey Capital offered holders of the Bell Group N.V. notes the opportunity to tender their positions to Southey Capital.
– The notes are deliverable against payment in Euroclear

Full details of the offer are listed here
The acceptance document is available here
Disclaimer
FAQ

Bell Group bonds:
Bell Group 11% due 1995 CH0005575151
Bell Group 10% due 1997 XS0000001247
Bell Group N.V. 5% due 1997 GB0040901711

News:

Former Bell Group liquidator faces wind-up order of his own
Bell Group UK administration BELL GROUP (U.K.) HOLDINGS LIMITED
Bell Group NV Bankruptcy documents.
Bell Group Liquidation write-up
Bell Group write-up
Bell Group Litigation