Stockomendation Regulatory News Service

RNS For Ocean Wilsons Holdings Ltd. (OCN)

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Wilson Sons Limited: Tecon Salvador

RNS Number : 5466L
Ocean Wilsons Holdings Ld
27 December 2018

Ocean Wilsons Holdings Limited

Wilson Sons Limited: Tecon Salvador


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

Wilson Sons Limited (B3: WSON33) ("Wilson Sons" or "Company") informs that on 21 December 2018 its wholly-owned subsidiary Tecon Salvador S.A. ("Tecon Salvador") signed a R$ 263.1 million financing agreement with the Brazilian Economic and Social Development Bank ("BNDES"), to be used for civil works during the first stage of the terminal's expansion.

The financing of Tecon Salvador expansion reflects the Company's commitment to continuous improvements in productivity and operational efficiency. Tecon Salvador investment plan will promote the development of the Port of Salvador, creating jobs and reinforcing economic growth in Bahia.


Company Contact

Keith Middleton                                                                     +1 441 295 1309



David Haggie

Haggie Partners LLP                                                           +44 20 7562 4444


Cantor Fitzgerald Europe

David Foreman, Will Goode, Rick Thompson                     +44 20 7894 7000





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