Ocean Wilsons Holdings Ld Container Terminal Renewal (3728P)
17 November 2016 - 2:20AM
UK Regulatory
TIDMOCN
RNS Number : 3728P
Ocean Wilsons Holdings Ld
16 November 2016
Ocean Wilsons Holdings Limited
Wilson Sons announces container terminal renewal
Our principal operating subsidiary, Wilson Sons Limited made the
following announcement to the Brazilian and Luxembourg Stock
Exchanges.
Wilson Sons Limited ("Wilson Sons" or "Company"), a public held
company traded on the BM&FBOVESPA under the ticker WSON33,
hereby informs its shareholders that on 16 November 2016 its
subsidiary, Tecon Salvador S/A, signed the Second Amendment to the
Lease Agreement No. 012/2000, with the Brazilian Federal Government
through the Ministry of Transport, Ports and Civil Aviation. The
amendment includes the approval of the National Agency for Waterway
Transportation (ANTAQ) and the State of Bahia Dockers (Companhia
Docas do Estado de Bahia - CODEBA).
Among other provisions, the Second Amendment extends the term of
the concession until 13 March 2050 and the Company is obligated to
complete minimum expansion and maintenance capital expenditure
through to the end of the concession. Minimum expansion investments
are budgeted at approximately R$398 million (three hundred and
ninety eight million Brazilian Reais, using December 2013 base date
values (approximately US$117 million at current exchange rates).
These investments will be completed in phases during the concession
to ensure the terminal reaches a capacity of 925,000 TEUs
(twenty-foot equivalent units) per year.
Enquiries
Company Contact +1 441 295
Keith Middleton 1309
Media
David Haggie +44 20 7562
Haggie Partners LLP 4444
Cantor Fitzgerald Europe
David Foreman, Will Goode (Corporate +44 20 7894
Finance) 7000
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEQLFFQFFFFBD
(END) Dow Jones Newswires
November 16, 2016 10:20 ET (15:20 GMT)
Ocean Wilsons (holdings)... (LSE:OCN)
Historical Stock Chart
From Apr 2024 to May 2024
Ocean Wilsons (holdings)... (LSE:OCN)
Historical Stock Chart
From May 2023 to May 2024