European maritime transport group MSC has reached an agreement to buy control of Wilson Sons for an amount equivalent to R$17.50 per share, the Brazilian port services company said in a relevant fact published this Monday.
Wilson Sons’ controlling company, OW Overseas, will sell its 56.47% stake in the company, equivalent to 248,664,000 shares, giving the business a value of R$4.35 billion, according to the document.
Wilson Sons shares closed on Friday at R$17.85, one day after the company confirmed that its controller was negotiating the sale of its entire stake in the company.
The transaction requires approval from the Administrative Council for Economic Defense (Cade) and the National Waterway Transport Agency (Antaq) and Wilson Sons expects the deal to be completed in the second half of 2025.
With the conclusion, SAS Shipping Agencies Services Sàrl, a wholly owned subsidiary of MSC, will launch a public offer to acquire the remaining shares of Wilson Sons under the same conditions as agreed with OW Overseas.
(By Alberto Alerigi Jr.)
