Hansa Investment Company Limited (LSE:HAN) has announced a recommended all-share combination with Ocean Wilsons Holdings Limited (LSE:OCN).
The merger will form a new investment entity with net assets exceeding £900 million.
Ocean Wilsons shareholders will receive 1.4925 New Hansa Share Units for each Ocean Wilsons share, comprising one voting Ordinary Share and two non-voting ‘A’ Shares.
Upon completion, Ocean Wilsons shareholders will own 41.4% of the combined entity, with the rest held by existing Hansa shareholders.
“The combination will bring together two businesses with a similar approach to investing,” said Hansa chair Jonathan Davie.
The boards said the merger will create a global multi-asset investment vehicle with strong portfolio overlap, cost synergies, and a lower ongoing charges ratio.
Caroline Foulger, chair of Ocean Wilsons, added, “This combination with Hansa will create a diversified investment company benefitting from meaningful scale and cost efficiencies.”
The new group will retain the Hansa Investment Company name and implement a tiered management fee structure. The transaction remains subject to shareholder approval and customary conditions, with completion expected in September 2025.