Slaughter and May (Operations) Ltd.

10/21/2024 | Press release | Distributed by Public on 10/21/2024 06:15

Slaughter and May is advising Ocean Wilsons Holdings on the sale of 56.47% interest in Wilson Sons S.A. to SAS Shipping Agencies Services

Slaughter and May is advising Ocean Wilsons Holdings Limited on the sale of its 56.47% interest in Wilson Sons S.A. to SAS Shipping Agencies Services Sàrl, a wholly-owned subsidiary of MSC Mediterranean Shipping Company SA, for total cash consideration of R$4.352 billion (US$768 million).

Ocean Wilsons is a Bermuda investment holding company listed on both the London Stock Exchange and the Bermuda Stock Exchange. Wilson Sons, a 56.47% owned subsidiary of Ocean Wilsons, is listed on the BOVESPA stock exchange in Brazil and is one of the largest providers of maritime services in Brazil with activities including towage, container terminals, offshore oil and gas support services, small vessel construction, logistics and ship agency. Wilson Sons has a presence in most major ports in Brazil.

The transaction is expected to complete during the second half of 2025 and is conditional on the receipt of applicable regulatory clearances.

Corporate
Paul DicksonPartner
Jack WhartonAssociate
Danny MillsAssociate
Finlay MaguireAssociate
Tax