A tour company has sold a loss-making cruise ship for £3.1 million.
All Leisure Group, of Market Harborough, announced the 43-year-old MV Discovery had been sold to Liberty Resources, of the Bahamas.
The group, owns the Page & Moy and Travelsphere brands and specialises in providing tours for over-55s.
Bosses revealed earlier this year they planned to offload the ship, which made a loss of £3 million in the year to October 2013.
Although the Discovery had been valued at £9.9 million, All Leisure said accepting Liberty's offer was in shareholders' interests.
Over the past few years, the group has been hit by political unrest in the Middle East, north Africa, Ukraine and Crimea.
Pre-tax losses in the six months to April 30 grew to £15.6 million. That was up from a deficit of £13.4 million in the same period a year before.
All Leisure, which is quoted on the London Stock Market, bought Page & Moy Travel Group, owner of Travelsphere, in 2012 in a £4.2 million deal.
The group employs more than 250 people in Leicestershire.