Ocean Wilsons Holdings to Sell Wilson Sons and Return Capital to Shareholders

The latest update is out from Ocean Wilsons Holdings ( (GB:OCN) ).

Ocean Wilsons Holdings announced its intention to sell its entire interest in Wilson Sons to SAS Shipping Agencies Services, a subsidiary of MSC Mediterranean Shipping Company, as part of a strategic move to capitalize on consolidation trends in the global port operations industry. The company plans to return a portion of the proceeds to shareholders through a tender offer for up to 20% of its shares, while exploring strategic options for the remaining proceeds to ensure long-term value creation and shareholder returns.

More about Ocean Wilsons Holdings

Ocean Wilsons Holdings Limited is a Bermuda-based investment holding company listed on the London and Bermuda Stock Exchanges. It manages a global investment portfolio and provides maritime and logistics services in Brazil through its subsidiaries, Ocean Wilsons (Investments) Limited and Wilson Sons S.A.

YTD Price Performance: 3.46%

Average Trading Volume: 20,067

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: £473.9M

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