Brazilian regulators have approved MSC's acquisition strategy for Wilson Sons, marking the final regulatory step towards finalization.
The acquisition involves MSC purchasing a 56% stake in Wilson Sons from Ocean Wilson Holdings for $760 million. Despite interest from other bidders, MSC secured the deal.
Post-initial acquisition, MSC plans a public tender offer for remaining shares, with the total transaction projected at around $1.35 billion.
This strategic acquisition aligns with MSC's previous venture in Brazil's cabotage sector, following its 2021 acquisition of Log-In Logística, to bolster domestic and regional transport operations.
Source: Container News
