Ocean Wilsons Holdings ( (GB:OCN) ) just unveiled an announcement.
Ocean Wilsons Holdings has announced an update on the sale of its 56% interest in Wilson Sons S.A. to SAS Shipping Agencies Services Sàrl, a subsidiary of MSC Mediterranean Shipping Company. The transaction is progressing with regulatory approvals and is expected to complete in Q2 or Q3 2025. The company plans to use part of the proceeds for a tender offer to return value to shareholders, proposing amendments to its bye-laws to facilitate this. The remaining proceeds will be considered for strategic options, with further announcements to follow.
More about Ocean Wilsons Holdings
Ocean Wilsons Holdings is a Bermuda-based investment holding company listed on the London and Bermuda Stock Exchanges. It primarily invests through Ocean Wilsons (Investments) Limited, which manages a diversified international portfolio, and Wilson Sons, a major provider of maritime services in Brazil, including towage, container terminals, and offshore support.
YTD Price Performance: 3.46%
Average Trading Volume: 20,067
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £473.9M
Learn more about OCN stock on TipRanks’ Stock Analysis page.