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Ocean Wilsons Holdings Limited confirmed on 23 August 2024 that it is in discussions with I Squared Capital Advisers (US) LLC. These discussions explore a potential transaction for I Squared to acquire Ocean Wilsons' 57% interest in its subsidiary, Wilson Sons S.A.
| Date | 23 Aug 2024 |
| Time | 12:40:14 |
| Category | Corporate updates |
| ID | 6323B |
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
Ocean Wilsons Holdings Limited
("Ocean Wilsons" or the "Company")
Response to media speculation
The Company notes recent Brazilian media speculation regarding the potential sale of its 57% owned subsidiary, Wilson Sons S.A. ("Wilson Sons").
The Company confirms that it is in discussions with I Squared Capital Advisers (US) LLC ("I Squared") to explore the terms of a potential transaction for the acquisition by I Squared and/or its affiliates of the Company's interest in Wilson Sons.
There can be no certainty that a transaction will be entered into, nor as to the terms of any such transaction.
A subsequent announcement will be made as required.
For further information, please contact:
|
Ocean Wilsons Holdings Limited |
Tel: +1 (441) 295 1309 |
|
Peel Hunt LLP - Financial adviser and broker |
Tel: +44 (0) 20 7418 8900 |
The person responsible for arranging the release of this announcement on behalf of Ocean Wilsons is Leslie Rans, Chief Operating and Financial Officer.