Ocean Wilsons Holdings Limited (LSE:OCN) shares rose 6% in early trading on Monday after it confirmed that it is undertaking a strategic review involving the company's 57%-owned marine services subsidiary, Wilson Sons S.A.
In a short statement responding to recent Brazilian media speculation to the effect that the company is negotiating the sale of Wilson Sons, the main market-listed firm said it will consider all potential strategic options.
It added that the review is currently at an early stage and there can be no certainty as to its outcome.
The company said it has not received any formal proposals from any third party with regard to a potential transaction involving Wilson Sons.
Around 8.45am in London, Ocean Wilsons shares were 6.3% higher at 872p.