EuroHoldings sells 51.04% to Marla investments for $12.90 per share
Shareholder Transaction: EuroHoldings has sold 51.04% of its common shares to Marla Investments, affiliated with the Latsis family, while the Pittas family retains a 7.6% stake.
Board Changes and Management Continuity: Following the transaction, two board members resigned, but the existing management team will remain in place, and new directors were appointed to fill the vacancies.
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EuroHoldings Ltd. Reveals Deal to Purchase 49,997 DWT Product Tanker M/T Hellas Avatar, Constructed in 2015
Acquisition Announcement: EuroHoldings Ltd. has signed a Memorandum of Agreement to acquire a medium-range product tanker vessel for $31.83 million, with delivery expected in mid-November 2025.
Strategic Shift: The acquisition marks EuroHoldings' strategic pivot towards the tanker sector, which the company believes is currently favorable due to strong market fundamentals.
Company Background: EuroHoldings Ltd. was incorporated in March 2024 and operates as a holding company for vessel-owning subsidiaries, with plans to expand its fleet beyond its current two feeder containerships.
Forward-Looking Statements: The press release includes forward-looking statements regarding the company's growth strategy and potential future acquisitions, acknowledging inherent risks and uncertainties.
Don't Forget - Attend the 17th Annual New York Maritime Forum with Global Maritime Leaders on October 14, 2025, at the Metropolitan Club, NYC
Event Overview: The 17th Annual Capital Link New York Maritime Forum will take place on October 14, 2025, at the Metropolitan Club in New York City, featuring panel discussions and 1x1 meetings between institutional investors and shipping executives.
Keynote Speakers and Topics: Notable speakers include Randy Fowler, Daniel B. Maffei, and Sang Yi, with agenda topics covering various shipping sectors, net-zero initiatives, and capital market strategies in the maritime industry.
