Re Contract

RNS Number : 0192T

Ocean Wilsons Holdings Ld

07 December 2012

 



7 December 2012

Ocean Wilsons Holdings Limited

Briclog acquisition closing date extension

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

Wilson Sons Limited ("Wilson Sons" or the "Company") announces that, further to the Press Release on the October 8, 2012, it has, through its wholly-owned subsidiary Brasco Logística Offshore Limitada ("Brasco"), signed an amendment to the contract for the acquisition of 100% of the issued share capital of Bric Brazilian Intermodal Complex S/A ("Briclog"), extending the deadline for the closing date of acquisition. The acquisition is subject to certain conditions precedent, which include an environmental license for carrying out expansion works at the quay. The Company expects the completion of the conditions precedent during the first half of 2013

.

About Brasco

As part of Wilson Sons, Brasco is an integrated port and logistics service provider to the oil & gas industry in Brazil and it has an unrivalled capacity to setup and operate support bases along the whole Brazilian coast. Brasco offers a complete suite of services such as materials management, purchasing, storage, transport, supply of fresh water, fluids for drilling and well completion, fuelling of vessels, heavy cargo handling, casing/pipe inspection, container rental, waste management and administrative support. Working with the world's major oil and gas operators currently in Brazil, the company has developed support bases in the cities of Niterói, Rio de Janeiro, and São Gonçalo (Rio de Janeiro); São Luis (Maranhão); Salvador (Bahia); and Vitória (Espírito Santo).

About Wilson Sons

Wilson Sons, through its subsidiaries, is one of Brazil's largest providers of integrated port and maritime logistics and supply chain solutions. With a business track record of over 175 years, the Company has developed an extensive national network and provides a comprehensive set of services related to domestic and international trade, as well as to the oil and gas industry. Its principal operating activities are divided into the following lines of business: Port Terminals, Towage, Logistics, Shipping Agency, Offshore, and Shipyards.

Company Contact

Keith Middleton                                                            [phone]

Seymour Pierce Limited                                                 020 7107 8000

Guy Peters - Corporate Finance

David Banks - Corporate Broking

 

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