Ocean Wilsons Holdings (GB:OCN) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
