Wilson Sons delays again

Brazil’s Wilson Sons has had to extend again the deadline to complete the takeover of compatriot offshore port services company Briclog.

It said the deal was still subject to certain conditions, which include an environmental licence for carrying out expansion works at a quay.

The company now expects this issue to be resolved during the first half of 2013

It previously had until 1 December to wrap up the BRL 125m ($61.5m) deal, which it announced in April this year.

The deadline before this was 5 October.

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