Adani Ports to Acquire 100% Stake in Evos B.V. for €1.184 Bn

Adani Ports and Special Economic Zone Limited (APSEZ) has entered into an agreement to acquire a 100% stake in Evos B.V., a European liquid storage operator, for an equity consideration of EUR 1,184 million. This acquisition, following a competitive bidding process, is expected to close within 15 months, subject to regulatory approvals. Evos B.V. is Europe's second-largest independent liquid storage operator with eight terminals across key European hubs and a total storage capacity of 6.3 million cubic meters. The deal aligns with APSEZ's strategy to build a globally diversified, integrated transport platform, significantly scaling its liquids portfolio and providing exposure to new-age fuels. The transaction is a cash consideration and is not a related party transaction.