Ocean Wilsons Updates on Wilson Sons Sale and Shareholder Returns

Ocean Wilsons Holdings ( (GB:OCN) ) has provided 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 completion is expected in Q2 or Q3 2025. The company plans to use part of the proceeds for a tender offer to return value to shareholders, subject to amendments in its bye-laws to facilitate the offer without requiring major shareholders to participate. 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. The group comprises Ocean Wilsons (Investments) Limited, which manages a diversified portfolio of international investments, and Wilson Sons, a leading provider of maritime services in Brazil, including towage, container terminals, and offshore oil and gas support.

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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