Agreement between Wilson Sons and MSC

Wilson Sons announces the SPA (S&P Agreement) reached with SAS Shipping, fully owned subsidiary of MSC Mediterranean Shipping Company. SAS Shipping is already active in Brazil as controlling shareholder of Log-In Logística Integrada.

The closing is expected in the second half of 2025, at which time the buyer will launch a public offer to acquire the remaining shares under the same terms as the S&P agreement, in accordance with CVM regulations.

What is closing? At this stage, the buyer officially takes ownership of the shares, completing the transaction under the agreed terms.

“At the WSB Advisors Semina, we highlighted the growing trend of acquisitions within Brazilian infrastructure and shipping. As anticipated, new developments have now emerged in the market.

Admiral Ilques Barbosa Jr remarked during the seminar that infrastructure—particularly shipping—intersects with national sovereignty, pinpointing the importance of logistical security for Brazil’s future.

While WSB Advisors was not involved in the recent transaction between Wilson Sons and MSC our industry expertise leads to a broader observation: this will likely not be the last deal of its kind in the sector.

On a personal note, it may be time to reconsider the incentives and, perhaps, debate the rules surrounding Brazilian tonnage ownership. Although, in principle, the transfer of shares from Ocean Wilsons to SAS Shipping does not affect the local ownership of Wilson Sons’ operations, it raises questions about the long-term implications for national interests”, says Alexandre Vilela, CEO of WSB Advisors.