Wilson Sons has announced that it has acquired the minority 25 percent share in Brasco Logistica Offshore through its wholly-owned subsidiaries. As a result of this transaction, Wilson Sons becomes the sole owner of Brasco's total share capital.
The transaction was completed on June 16, 2010, with consideration of BRL15.52 million (US$8.7 million) for the transfer of shares, equivalent to 25 percent of the total Brasco share capital.
Created in 1999, Brasco is an integrated port and logistics service provider to the oil and gas industry in Brazil. The company has support bases in the cities of Niteroi, Rio de Janeiro, and Guaxindiba (Rio de Janeiro); Sao Luis (Maranhao); and Vitoria (Espirito Santo).
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