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Subsidiary- investment update

10th Dec 2008 14:21

RNS Number : 8939J
Ocean Wilsons Holdings Ld
10 December 2008
 

Ocean Wilsons Holdings Limited

Our principal operating subsidiary, Wilson Sons Limited announced to the Brazilian and Luxembourg Stock Exchanges the following announcement.

In accordance with CVM Instruction Number 358, effective as of January 03rd, 2002, Item 2, Subitem XIX, WILSON SONS LIMITED (Bovespa: "WSON11 BZ"announces to all of its shareholders that the IFC - International Finance Corporation has exercised the option to sell its share participation in Tecon Salvador S/A, Company subsidiary.

The transaction has been completed on December 08, 2008, upon payment of R$12,490,870.32, for the transfer of 2,761,695 sharesthe equivalent to 10% of Tecon Salvador S/A's total share capital.

As a result of this transaction, WILSON SONS LIMITED becomes the sole owner of 100% of Tecon Salvador S/A's total share capitalthrough its subsidiaries in Brazil.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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