June 1 (Reuters) - Wellard Ltd WLD.AX
* to sell M/V Ocean Outback for A$34.9 million
* vessel will be purchased by israeli company, dabbah slaughterhouse limited
* sale of m/v ocean outback will result in an estimated usd12.17 million (approx. a$16.34 million ) reduction in existing debt
* expects completion of sale of m/v ocean outback to occur in q1 of fy2018. Source text for Eikon: ID:nASX72hrbr Further company coverage: WLD.AX