Our principal operating subsidiary, Wilson Sons Limited announced to the Brazilian and Luxembourg Stock Exchanges the following announcement.
WILSON SONS LIMITED (BM&FBovespa: WSON11), in full compliance with CVM Instruction Number 358, announces to its shareholders that it has, through its wholly-owned subsidiaries, acquired the minority 25% share participation in Brasco Logística Offshore Limitada (Brasco). As a result of this transaction, WILSON SONS LIMITED becomes the sole owner of 100% of Brasco's total share capital.
The transaction has been completed on June 16, 2010, with consideration of R$15,519,000.00 for the transfer of shares equivalent to 25% of the total Brasco share capital.
Created in 1999, Brasco is an integrated port and logistics service provider to the Oil & Gas industry in Brazil. The company has support bases in the cities of Niterói, Rio de Janeiro, and Guaxindiba (Rio de Janeiro); São Luis (Maranhão); and Vitória (Espírito Santo).