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Adani Ports to Acquire European Storage Major Evos for €2.56 Billion
Sentiment: NeutralHigh Priority
What Happened?
Adani Ports will acquire Evos B.V., Europe's second-largest independent liquid storage operator, for €2.56 billion. The all-cash deal is subject to regulatory approvals.
Key points
- Adani Ports will acquire a 100% stake in Evos from Igneo Infrastructure Partners.
- The acquisition values Evos at an equity value of €1.18 billion.
- Evos reported revenue of €392 million and EBITDA of €219 million for 2025.
- The transaction will be funded via debt and is subject to regulatory approvals.
- Evos operates eight terminals across the Netherlands, Germany, Spain, Belgium, and Malta.
Key insights
- The acquisition could enhance Adani Ports' cash flow and geographic diversity.
- Evos' high occupancy rate may provide stable revenue for Adani Ports.
- This move positions Adani Ports to support Europe's energy transition.
Why it matters
This acquisition expands Adani Ports' presence in the European liquid storage market.
Entities
Adani Ports· CompanyEvos B.V.· CompanyIgneo Infrastructure Partners· OrganizationNetherlands· CountryGermany· CountrySpain· CountryBelgium· CountryMalta· Country
Source
Business Standard
