Ocean Wilsons Holdings (GB:OCN) has released an update.
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Ocean Wilsons Holdings Ltd has announced the sale of its 56.47% stake in Wilson Sons S.A. to SAS Shipping Agencies Services Sàrl for R$4.352 billion, translating to approximately US$768 million. The transaction will bolster Ocean Wilsons’ cash reserves and is expected to complete in the second half of 2025. The company plans to return a significant portion of the proceeds to shareholders while exploring reinvestment opportunities.
For further insights into GB:OCN stock, check out TipRanks’ Stock Analysis page.
