Ocean Wilsons says it is reviewing options for Wilson Sons. London and Bermuda-listed Ocean Wilsons Holdings, a Bermuda investment holding company, confirmed it is conducting a strategic review of options of its investment in Wilson Sons.

The statement followed media speculation that the investment firm is exploring a sale of its 57% owned subsidiary, Wilson Sons.

Ocean Wilsons said in a statement that “it is undertaking a strategic review involving the company’s investment in Wilson Sons.”

The Board of the company also notes that the review, which will consider all potential strategic options, is currently at an early stage and there can be no certainty as to its outcome.

The company has not received any formal proposals from any third party with regard to a potential transaction involving Wilson Sons, Ocean Wilsons said in a brief filing, adding that a subsequent announcement will be made as required.

Ocean Wilsons Holdings Limited, hold two primary investments, Ocean Wilsons, an actively managed investment fund, and Wilson Sons, a Brazilian maritime services company.