London-listed Ocean Wilsons Holdings has confirmed it is selling its 56.47% interest in Brazilian port and maritime logistics operator, Wilson Sons, to Mediterranean Shipping Co (MSC) in a deal worth US$768 million.
MSC is undertaking the acquisition via its subsidiary, Shipping Agencies Services (SAS).
The deal remains subject to regulatory clearances, but both parties are seeking completion in the second half of 2025, whereupon SAS plans to acquire the remaining shares under the same terms.
There has been intense speculation over the sale of Wilson Sons for some time and this deal will greatly increase MSC’s logistics footprint in Brazil, after previously acquiring regional container shipping operator, Log-In Logistics, at the end of 2021.
The Wilson Sons portfolio includes the Tecon Rio Grande container terminal in Rio Grande, Rio Grande do Sul, and the Tecon Salvador container terminal in Salvador, Bahia, while it also operates the largest tugboat fleets in Latin America.
