Austal Secures Buyer for Its Hull 270

Austal Limited has concluded an option to purchase contract with a European ferry operator for the “Austal Hull 270”, the 102 metre trimaran stock vessel.

The agreement is subject to a number of contractual conditions precedent and as such it is not possible to disclose any additional details at this time.

The option agreement is expected to result in the ferry operator purchasing the vessel in Q4 FY2014.

Austal will inform the market of any further developments when it is in a position to do so.

[mappress]
austal, January 6, 2014