Nasdaq-listed EuroHoldings inked a loan agreement with Piraeus Bank S.A. on November 14 for
Nasdaq-listed EuroHoldings inked a loan agreement with Piraeus Bank S.A. on November 14 for $20.0m to partly finance the acquisition of the vessel Hellas Avatar.
EuroHoldings signed a memorandum of agreement on Nov. 3 to acquire a medium-range (MR) product tanker vessel with capacity of 49,997-dwt, built in 2015 in South Korea, from an affiliated party.
The Hellas Avatar will be purchased for a price of $31.83m, with delivery expected in mid-November 2025.
As informed, an independent committee of disinterested directors was formed to evaluate and approve the transaction.
Euroholdings, an owner and operator of container carrier vessels, is making a strategic shift toward modern medium range (MR) product tankers, following the acquisition of 51.04% of the company’s shares by a company associated with the Greek Latsis family.
