Adani Ports Buys Evos for $2.88B
Adani Ports agreed to acquire Dutch liquid storage operator Evos for 2.88 billion dollars. The deal expands its European presence into new fuels. Shares closed 1.3 percent lower following the announcement.
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ADANI PORTS AND SPECIAL ECON will acquire Netherlands-based liquid storage operator Evos B.V. for an enterprise value of €2.56 billion ($2.88 billion). The transaction establishes a European operational footprint for India's largest private port operator. The acquisition scales the company's liquids portfolio while exposure extends to alternative energy products including sustainable aviation fuel and biofuels.
