Ocean Wilsons Holdings Ld Wilson Sons Limited: Tecon Salvador (5466L)

TIDMOCN

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.

Enquiries

Company Contact

   Keith Middleton                                                                     [phone] 

Media

David Haggie

   Haggie Partners LLP                                                           [phone] 

Cantor Fitzgerald Europe

   David Foreman, Will Goode, Rick Thompson                     [phone] 

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December 27, 2018 04:15 ET (09:15 GMT)