Ocean Wilsons Holdings Completes Sale of Wilson Sons Stake

Ocean Wilsons Holdings ( (GB:OCN) ) has shared an announcement.

Ocean Wilsons Holdings has completed the sale of its 56% stake in Wilson Sons S.A. to SAS Shipping Agencies Services Sàrl, a subsidiary of MSC Mediterranean Shipping Company, for a gross cash consideration of approximately R$4.352 billion. After deductions, the net proceeds amount to about US$594 million, which the company plans to partially return to shareholders via a tender offer. This transaction marks a significant shift in Ocean Wilsons’ operations, focusing more on its investment management activities, and is expected to impact shareholder value positively.

The most recent analyst rating on (GB:OCN) stock is a Hold with a £17.25 price target. To see the full list of analyst forecasts on Ocean Wilsons Holdings stock, see the GB:OCN Stock Forecast page.

Spark’s Take on GB:OCN Stock

According to Spark, TipRanks’ AI Analyst, GB:OCN is a Outperform.

Ocean Wilsons Holdings scores well due to its strong financial position and promising technical indicators. The strategic sale of Wilson Sons and capital return plan is a positive corporate event, potentially increasing shareholder value. While valuation is reasonable, the low dividend yield might not attract income-focused investors. Overall, the company demonstrates solid fundamentals with a strategic focus on enhancing shareholder returns.

To see Spark’s full report on GB:OCN stock, click here.

More about Ocean Wilsons Holdings

Ocean Wilsons Holdings is a Bermuda-based investment holding company listed on the London and Bermuda Stock Exchanges. The company operates through its subsidiary, Ocean Wilsons (Investments) Limited, which manages a diversified portfolio of international investments.

Average Trading Volume: 47,964

Technical Sentiment Signal: Strong Buy

Current Market Cap: £488M

See more data about OCN stock on TipRanks’ Stock Analysis page.