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Ocean Wilsons Sells Stake in Wilson Sons for R$4.4bn
Ocean Wilsons Holdings has announced the sale of its 56.47% stake in Wilson Sons to SAS Shipping Agencies Services, part of MSC Mediterranean Shipping Company. The transaction is valued at R$4.4 billion, equivalent to R$17.50 per share. In US currency, this translates to a purchase price of approximately US$768 million. The company anticipates a Brazilian withholding tax liability of up to US$142 million, with net cash proceeds of at least US$593 million expected.
The deal is projected to conclude in the second half of 2025. Ocean Wilsons plans to return a significant portion of the proceeds to shareholders, with potential reinvestment in the company also being considered. This strategic move marks a notable shift in Ocean Wilsons' investment portfolio.
R. H.
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