UK investment firms Hansa, Ocean Wilsons agree to merge in all-share deal (updated)
28/07/2025 08:08
Adds details in paragraphs 2-4, background in paragraph 5 July 28 (Reuters) - UK's Hansa Investment HAN.L and Ocean Wilsons Holdings OCN.L have agreed to an all-share merger to create a diversified investment firm with more than 900 million pounds ($1.21 billion) in net assets, the companies said on Monday. Ocean Wilsons' shareholders will get 1.4925 new Hansa share units, comprising one voting share and two non-voting 'A' shares, for each share they own, the companies said in a joint statement. Hansa shareholders will hold approximately 58.6% of the combined entity, while Ocean Wilsons shareholders will own the remaining 41.4%. "While global markets remain challenging, we believe that the combined group's unconstrained multi-asset approach will provide a differentiated and diversified investment proposition," Hansa Chair Jonathan Davie said. The companies had disclosed last month that they were in talks over a potential merger. ($1 = 0.7451 pounds) (Reporting by Unnamalai L in Bengaluru; Editing by Sumana Nandy) ((Unnamalai.L@thomsonreuters.com;))