Ocean Wilsons Regulatory News (OCN)

27 Sep 2005 09:50

Ocean Wilsons Holdings Ld27 September 2005 Ocean Wilsons Holdings Limited 27 September 2005 Further to the announcement made in December 2004, the Board of Ocean WilsonsHoldings Limited announces that it has concluded the review of its strategicoptions in relation to the Company's Brazilian operations and has decided tocontinue to remain focused on its current operations and to invest in theirfuture development. The acquisition of a further 33% equity interest in Tecon Rio Grande S.A.,making it a wholly owned subsidiary, is consistent with the Board's strategy andstrengthens the Company's position in the growing container terminal market inBrazil. The Board believes that the strength of our Brazilian business continues topresent exciting opportunities for future growth and remains committed tocreating long term value for shareholders This information is provided by RNS The company news service from the London Stock Exchange