EuroHoldings Ltd. Announces Agreement to Acquire one 49,997 DWT Product Tanker Vessel, M/T Hellas Avatar, built in 2015
EuroHoldings (NASDAQ: EHLD) signed a Memorandum of Agreement to acquire one medium‑range product tanker, M/T Hellas Avatar, capacity 49,997 dwt, built in 2015 in South Korea, for $31.83 million. Delivery is expected in mid‑November 2025. The transaction is with an affiliated party and an independent committee of disinterested directors was formed to evaluate and approve the deal. The acquisition will be financed with a combination of conventional debt and equity. Management characterized the purchase as the company's first tanker and part of a strategic pivot toward the tanker sector.
EuroHoldings (NASDAQ: EHLD) ha firmato un Memorandum of Agreement per acquisire una petroliera da prodotto di mediano raggio, M/T Hellas Avatar, capacità 49,997 dwt, costruita nel 2015 in Corea del Sud, per $31.83 million. La consegna è prevista per metà novembre 2025. La transazione è con una parte affiliata e un comitato indipendente di amministratori non interessati è stato costituito per valutare e approvare l'affare. L'acquisizione sarà finanziata con una combinazione di debito ed equity. La direzione ha qualificato l'acquisto come la prima petroliera della società e parte di una svolta strategica verso il settore delle petroliere.
EuroHoldings (NASDAQ: EHLD) firmó un Memorando de Acuerdo para adquirir un petrolero de producto de rango medio, M/T Hellas Avatar, capacidad 49,997 dwt, construido en 2015 en Corea del Sur, por $31.83 millones. La entrega se espera para mediados de noviembre de 2025. La operación es con una parte afiliada y se formó un comité independiente de directores desinteresados para evaluar y aprobar el acuerdo. La adquisición se financiará con una combinación de deuda y capital. La dirección caracterizó la compra como el primer buque petrolero de la empresa y parte de un cambio estratégico hacia el sector de los petroleros.
EuroHoldings (NASDAQ: EHLD) 는 중형급 프로덕트 탱커인 M/T Hellas Avatar를 인수하기 위한 양해각서를 체결했습니다. 용량 49,997 dwt, 2015년 한국에서 건조, $31.83 million에. 인도 예정은 2025년 11월 중입니다. 거래는 계열사와의 거래이며 이해상충이 없는 이사들로 구성된 독립 위원회가 거래를 평가하고 승인하기 위해 구성되었습니다. 인수는 전통적인 부채와 자본의 조합으로 조달될 것입니다. 경영진은 이를 회사의 첫 번째 탱커로 설명하고 탱커 부문으로의 전략적 전환의 일부로 설명했습니다.
EuroHoldings (NASDAQ : EHLD) a signé un protocole d'accord pour acquérir un pétrolier-citerne moyen, M/T Hellas Avatar, capacité 49,997 dwt, construit en 2015 en Corée du Sud, pour $31,83 millions. La livraison est prévue pour mi‑novembre 2025. La transaction est avec une partie affiliée et un comité indépendant d’administrateurs non intéressés a été formé pour évaluer et approuver l’accord. L’acquisition sera financée par une combinaison de dette et d’équité. La direction a qualifié l’achat de premier pétrolier de la société et d’une partie d’un pivot stratégique vers le secteur des pétroliers.
EuroHoldings (NASDAQ: EHLD) hat eine Absichtserklärung unterzeichnet, um einen mittelgroßen Produkt-Tanker zu erwerben, M/T Hellas Avatar, Kapazität 49,997 dwt, gebaut im 2015 in Südkorea, für $31.83 million. Die Lieferung wird voraussichtlich im Mitte November 2025 erfolgen. Die Transaktion erfolgt mit einer verbundenen Partei und ein unabhängiger Ausschuss unbeteiligter Direktoren wurde eingerichtet, um das Geschäft zu prüfen und zu genehmigen. Die Akquisition wird mit einer Kombination aus konventioneller Schuld und Eigenkapital finanziert. Die Geschäftsführung charakterisierte den Kauf als das erste Tanker der Gesellschaft und als Teil einer strategischen Wende in Richtung Tanker-Sektor.
EuroHoldings (NASDAQ: EHLD) وقّعت مذكرة تفاهم للاستحواذ على ناقلة منتجات متوسطة النطاق، M/T Hellas Avatar، بسعة 49,997 dwt، صُنعت في 2015 في كوريا الجنوبية، مقابل $31.83 مليون. من المتوقع التسليم في نوفمبر 2025 تقريباً. الصفقة مع طرف مرتبط وقد تشكلت لجنة مستقلة من مديرين غير مهتمين لتقييم الصفقة والموافقة عليها. سيُموَّل الاستحواذ بمزيج من الديون وحقوق الملكية. وصفت الإدارة الشراء بأنه أول ناقلة للشركة وبأنه جزء من التحول الاستراتيجي نحو قطاع الناقلات.
- Adds a 49,997 dwt MR product tanker
- Vessel built in 2015 (modern vintage)
- Purchase price of $31.83 million
- Expected delivery in mid‑November 2025
- Vessel acquired from an affiliated party, raising governance scrutiny
- Transaction will be financed with debt and equity, implying leverage or dilution risk
ATHENS, Greece, Nov. 05, 2025 (GLOBE NEWSWIRE) -- EuroHoldings Ltd. (NASDAQ: EHLD) (“EuroHoldings” or the “Company”) an owner and operator of ocean-going vessels and provider of seaborne transportation, announced today that it has signed a Memorandum of Agreement (MoA) 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 vessel will be purchased for a price of
Aristides Pittas, Chairman and CEO of EuroHoldings commented: “We are very pleased to announce the acquisition of our first tanker, a modern MR vessel built in 2015, marking our previously announced decision to pivot toward the tanker sector. We believe that this strategic move into the tanker sector comes at an opportune time in a period where the product tanker sector continues to demonstrate strong fundamentals. Our Board and major shareholders are committed to growing EuroHoldings into a significant publicly-listed participant in the sector. ”
About EuroHoldings Ltd.
EuroHoldings Ltd. was incorporated on March 20, 2024 under the laws of the Republic of the Marshall Islands. The Company was incorporated by Euroseas Ltd. (NASDAQ: ESEA) to serve as the holding company of three of its vessel-owning subsidiaries. Shares of EuroHoldings Ltd. were distributed to Euroseas Ltd. shareholders on March 17, 2025.
EuroHoldings Ltd. is a provider of worldwide ocean-going transportation services. The Company’s operations are managed by Eurobulk Ltd. an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. The Company has a fleet of two feeder containership vessels with a cargo capacity of 40,882 dwt, or 3,171 teu. After the delivery of the first product tanker in November 2025, Euroholdings’ mixed fleet will consist of 3 vessels with a total carrying capacity of 90,879 dwt.
EuroHoldings Ltd. is listed on the Nasdaq Capital Market under the symbol “EHLD”.
Forward Looking Statement
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company's growth strategy and measures to implement such strategy; including expected vessel acquisitions and entering into further time charters. Words such as "expects," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to changes in the demand for containerships, competitive factors in the market in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Visit our website www.euroholdings.gr
| Company Contact | Investor Relations / Financial Media |
| Dr. Tasos Aslidis Chief Strategy Officer EuroHoldings Ltd. Messogiou Thallasis 4 & Evropis 151 24, Maroussi, Greece Tel. (+30) 211 1804005 E-mail: info@euroholdings.gr | Nicolas Bornozis / Markella Kara Capital Link, Inc. 230 Park Avenue, Suite 1540 New York, NY 10169 Tel. (212) 661-7566 E-mail: euroholdings@capitallink.com |
FAQ
What ship is EuroHoldings (EHLD) acquiring and what is its capacity?
How much is EuroHoldings (EHLD) paying for the tanker and when is delivery?
How will EuroHoldings (EHLD) finance the acquisition announced November 5, 2025?
Why was an independent committee formed for EuroHoldings' (EHLD) tanker purchase?
Does the November 5, 2025 acquisition mark a strategic shift for EuroHoldings (EHLD)?
