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    Brief: Austal Announces A$200M Institutional Placement To Expand US Capacity

    Picture of Austal logoAustal
    11/03/2025 03:24
    March 11 (Reuters) - Austal Ltd ASB.AX:

A$200M INSTITUTIONAL PLACEMENT TO EXPAND US CAPACITY

NET PROCEEDS WILL BE USED TO PARTLY FUND FA2 INFRASTRUCTURE EXPANSION PROJECT

PLACEMENT TO BE ISSUED AT A PRICE OF A$3.80 PER NEW SHARE

Further company coverage: ASB.AX

 ((Reuters.Briefs@thomsonreuters.com;))

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