24th Jul 2019 11:46
(Alliance News) - Ocean Wilsons Holdings Ltd on Wednesday said its principal operating subsidiary has completed a formal review and decided to take no action.
Wilson Sons Ltd, which operates a maritime services company in Brazil, instigated a formal process in July 2018 involving its logistics asset investments.
This was part of an evaluation of strategic alternatives which had the potential to result in asset divestment and the attraction of strategic partners.
However, having "concluded the formal process to evaluate strategic alternatives involving its container terminal and logistics assets", Wilson Sons has opted "not to engage in any transaction at this time".
Shares in Ocean Wilsons were down 0.2% at 1,062.50 pence on Wednesday morning.
Related Shares:
Ocean Wilsons