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HAMILTON, Bermuda - Ocean Wilsons Holdings Limited, a Bermuda-based investment holding company, announced today that it has fulfilled all conditions for the sale of its 56% interest in Wilson Sons S.A. to SAS Shipping Agencies Services Sàrl, a subsidiary of MSC Mediterranean Shipping Company S.A. The transaction, which was subject to regulatory approvals, received its final clearance from the Brazilian National Waterway Transportation Agency (ANTAQ) earlier today, paving the way for completion expected on or around June 4, 2025.
The sale was first announced on October 21, 2024, with subsequent updates confirming progress and regulatory milestones. With the receipt of the ANTAQ approval, Ocean Wilsons has now satisfied the last of the conditions precedent outlined in the original agreement. The Brazilian Administrative Council for Economic Defense (CADE) had already granted its definitive approval on April 3, 2025.
Wilson Sons, a company listed on the B3 Brazilian stock exchange, is one of Brazil’s largest maritime service providers, with operations encompassing towage, container terminals, offshore oil and gas support services, among others. The divestment by Ocean Wilsons marks a significant shift in ownership for the Brazilian company, which is led by CEO Fernando Salek.
Ocean Wilsons, which is listed on both the London Stock Exchange (LON:LSEG) and the Bermuda Stock Exchange, holds a diverse portfolio of international investments through its subsidiary, Ocean Wilsons (Investments) Limited, in addition to its interest in Wilson Sons.
The company will make a further announcement to confirm the completion of the transaction and the details of the net proceeds received. This sale is a strategic move for Ocean Wilsons, as it continues to manage its investment portfolio and operations.
This update on the sale is based on a press release statement from Ocean Wilsons Holdings Limited. The company has advised that no part of this announcement constitutes an offer to buy or sell securities and should not be considered as an inducement to engage in investment activity. Ocean Wilsons has also cautioned against reliance on forward-looking statements, which are subject to risks and uncertainties and may differ materially from actual future results.
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