Ocean Wilsons to Sell Wilson Sons Stake for US$768M
Company Announcements

Ocean Wilsons to Sell Wilson Sons Stake for US$768M

Ocean Wilsons Holdings (GB:OCN) has released an update.

Ocean Wilsons Holdings Ltd has announced the sale of its 56.47% stake in Wilson Sons S.A. to SAS Shipping Agencies Services Sàrl for R$4.352 billion, translating to approximately US$768 million. The transaction will bolster Ocean Wilsons’ cash reserves and is expected to complete in the second half of 2025. The company plans to return a significant portion of the proceeds to shareholders while exploring reinvestment opportunities.

For further insights into GB:OCN stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskOcean Wilsons Holdings to Sell Wilson Sons Amid Portfolio Gains
TipRanks UK Auto-Generated NewsdeskOcean Wilsons Holdings Share Transfer by Deputy Chair
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App