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Announced

SAS Shipping Agencies Services to acquire a 56.47% stake in Wilson Sons from Ocean Wilsons for BRL4.35bn.

Synopsis

SAS Shipping Agencies Services, an agency services provider, agreed to acquire a 56.47% stake in Wilson Sons, a Brazilian shipping company, from Ocean Wilsons, an investment company based in Bermuda, for BRL4.35bn. "I am delighted to announce that, following a comprehensive strategic review of the Company's investment in Wilson Sons, we have reached an agreement for the sale of our holding in Wilson Sons to SAS. This transaction represents the successful realisation of our long-term investment in Wilson Sons, demonstrating our ability to identify opportunities to create significant value for our shareholders," Caroline Foulger, Ocean Wilsons Chair.

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