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HAMILTON, Bermuda - Ocean Wilsons Holdings Limited has completed the sale of its 56% interest in Wilson Sons S.A. to SAS Shipping Agencies Services Sàrl, as announced on Wednesday. The transaction, which was first disclosed on October 21, 2024, and subsequently updated on March 20, 2025, and May 20, 2025, culminated in a gross cash consideration of approximately R$4.352 billion (Brazilian Reais).
After accounting for Brazilian withholding taxes and estimated transaction costs, the net proceeds received by Ocean Wilsons’ subsidiary, OW Overseas (Investments) Limited (OWOIL), amounted to approximately US$594 million.
The Bermuda-based investment holding company, listed on both the London and Bermuda stock exchanges, has confirmed its intention to return a portion of these net proceeds to its shareholders. The planned tender offer will target up to 7,072,608 ordinary shares, representing 20% of the issued share capital of the company. Further details on the tender offer’s terms, structure, and pricing will be announced in due course.
Following the divestment, Ocean Wilsons’ remaining operations consist of Ocean Wilsons (Investments) Limited, which holds a diversified portfolio of international investments.
This sale marks the end of Ocean Wilsons’ involvement in Wilson Sons S.A., a significant move for the company, which had previously held a majority stake in the Brazilian maritime and logistics firm. The transaction’s completion was confirmed by the company without any material changes to the previously disclosed terms.
The information for this article is based on a press release statement.
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