EuroDry Announces Agreement Ti Acquire Three Eco Ultramax Bulkers For ~$65M
Portfolio Pulse from Benzinga Newsdesk
EuroDry Ltd. (EDRY) has announced an agreement to acquire three Eco Ultramax bulkers for approximately $65 million. The acquisition is expected to be financed through a combination of debt and equity.
September 12, 2023 | 12:20 pm
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EuroDry's acquisition of three Eco Ultramax bulkers for $65M could potentially increase the company's assets and operational capacity.
The acquisition of the three Eco Ultramax bulkers by EuroDry is a significant investment that could potentially increase the company's assets and operational capacity. This could lead to increased revenues in the future, which would likely have a positive impact on the company's stock price.
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