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Ocean Wilsons Holdings Limited announced on 17 October 2024 that discussions with I Squared Capital Advisers (US) LLC regarding a potential transaction for its 57% owned subsidiary, Wilson Sons S.A., have been interrupted. The company is continuing its strategic review relating to its investment in Wilson Sons and is in active discussions with a third party regarding a potential transaction.
| Date | 17 Oct 2024 |
| Time | 18:25:00 |
| Category | Corporate updates |
| ID | 6767I |
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
Ocean Wilsons Holdings Limited
("Ocean Wilsons" or the "Company")
Response to media speculation
17 October 2024
The Company notes the recent Brazilian media speculation regarding the potential sale of its 57% owned subsidiary, Wilson Sons S.A. ("Wilson Sons"). Further to its announcement on 23 August 2024, the Company confirms that discussions with I Squared Capital Advisers (US) LLC regarding a potential transaction involving the Company's investment in Wilson Sons have been interrupted. The Company is continuing to progress its strategic review relating to its investment in Wilson Sons and confirms that it is in active discussions with a third party regarding a potential transaction in respect of such investment.
There can be no certainty as to the outcome of the strategic review nor as to the terms of any potential 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.