about 20 years ago
Six years after it expanded its operations to the US, WA shipbuilder Austal has bought out its minority American partner in the rapidly growing venture for $20.6 million. The acquisition of the 30 per cent stake from Bender Shipbuilding & Repair Co values the entire operation in Mobile, Alabama, at
Six years after it expanded its operations to the US, WA shipbuilder Austal has bought out its minority American partner in the rapidly growing venture for $20.6 million. The acquisition of the 30 per cent stake from Bender Shipbuilding & Repair Co values the entire operation in Mobile, Alabama, at a little under $70 million.
Macquarie Financial Services analyst Andrew Wackett said that appeared to be a fair price for Austal, and could turn out to be very cheap if Austal USA met its potential.
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