Brief: Wellard Signs Term Sheet To Sell MV Ocean Shearer For $53.0 Mln

Wellard

12/12/2019 01:29

Dec 12 (Reuters) - Wellard Ltd  WLD.AX :
    * WELLARD LTD - SIGNED A TERM SHEET TO SELL MV OCEAN SHEARER
FOR
US$53.0 MILLION
    * WELLARD LTD -  INTENDS TO APPLY ABOUT US$42.3 MILLION OF
SALE
PROCEEDS TO REDUCING DEBT
    * WELLARD LTD - WELLARD IS SELLING MV OCEAN SHEARER TO
LIVESTOCK
TRANSPORT & TRADING CO KSC, KUWAIT

Source text https://reut.rs/2ru5Dyq
Further company coverage:  WLD.AX 

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