SAS Shipping Agencies Services SÀRL entered into an agreement to acquire 56.47% stake in Wilson Sons S.A. (BOVESPA:PORT3) from OW Overseas (Investments) Limited for BRL 4.4 billion on October 21, 2024. A cash consideration of BRL 4.35 billion valued at BRL 17.5 per share will be paid by SAS Shipping Agencies Services SÀRL. Following the closing of the Transaction, SAS will launch a mandatory tag-along tender offer for all minority shareholders of the Wilson Sons S.A. In case of termination of transaction, SAS Shipping Agencies Services SÀRL will pay a termination fee of approximately BRL 460 million. The proceeds from the transaction will be returned to the the shareholders of OW Overseas by way of a special dividend or a share buyback programme.

The transaction is subject to obtaining final approval from the Brazilian Administrative Council for Economic Defense (Conselho Administrativo de Defesa Econômica - CADE), Brazilian National Waterway Transportation Agency (Agência Nacional de Transportes Aquaviários - ANTAQ and shareholders approval. The transaction has been approved by the board of directors of OW Overseas. The Ocean Wilsons' Board of Directors (the "Board") is of the opinion that the Transaction is in the best interests of Ocean Wilsons' shareholders as a whole. The Transaction is expected to complete during the second half of 2025. As of May 22, 2025, Mediterranean Shipping Co (MSC) has secured regulatory approval for the transaction.

Edward Allsopp and Charles Batten of Peel Hunt LLP acted as financial advisor to OW Overseas Limited. Btg Pactual Investment Banking Ltda. acted as financial advisor to OW Overseas Limited. Paul Dickson and Dominic Robertson of Slaughter and May acted as legal advisor to OW Overseas Limited. Pinheiro Guimarães - Advogados acted as legal advisor to OW Overseas Limited.