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Austal Limited(ASX:ASB) has sold a luxurious 102-metre vessel to a European ferry operator - four years after it first launched the ship.
The company says it’s signed an option-to-purchase contract with a European ferry operator for its Austal Hull 270, the 102-metre stock vessel.
The ship builder says the agreement is subject to a number of contractual conditions and that it is not possible to disclose any additional details at this time.
Reports suggest the vessel is worth about $100 million.
Austal said the option agreement is expected to see the ferry operator purchase the vessel in the fourth quarter of this year.
Austal generated a net profit of $35.7 million in fiscal 2013.
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