Blackrock has become a major shareholder in Aristidis Pittas companies Euroseas and EuroDry following the investment company’s takeover of Tennenbaum Capital.
Blackrock completed its sweep for mid-market specialist Tennenbaum last week.
The deal leaves Blackrock in control of 672,105 shares in EuroDry, giving it a near 25% stake in the shipowner spun off from Euroseas with an eye on growth and consolidation.
