[Brazil] - Wilson Sons Shares Surge as Sale Negotiations Heat Up with New Potential Buyer

INSUBCONTINENT EXCLUSIVE:
The sale of Wilson Sons (PORT3), a major port logistics operator, took an unexpected turn on Thursday, October 17.The company confirmed
receiving a letter from I Squared Capital Advisers, expressing interest in a potential voluntary offer to acquire control of up to 100% of
the company.I Squared Capital has not yet indicated a price per share but will decide whether to proceed with the offer within the next 15
days
circulated for over a year, gaining momentum in August when the controlling shareholder, Ocean Wilsons Holdings Limited (OWHL), disclosed
discussions with I Squared to explore acquisition terms.The prospect of new ownership caused Wilson Sons shares to jump on the B3 stock
exchange
By 4:27 PM, PORT3 shares had risen 5.66% to R$17.03.Wilson Sons Shares Surge as Sale Negotiations Heat Up with New Potential Buyer
billion)
Ocean Wilsons Holdings Limited emphasized that its strategic review continues.The company revealed ongoing negotiations with another
could be MSC.This shipping group is already operating container terminals in Brazil
The controlling shareholder stressed that there is no certainty of a transaction or its terms at this stage.This development adds a layer of
complexity to the ongoing sale process, potentially sparking a bidding war for the valuable port logistics assets.As negotiations progress,
investors and industry observers eagerly await further details on the potential buyers and the future direction of Wilson Sons.The outcome