Adani Ports agrees €2.6bn purchase of Dutch storage operator Evos
Adani Ports has agreed to buy Dutch-based liquid-storage operator Evos in a deal valuing it at €2.6 billion. The acquisition would give the Indian company a presence at European ports but requires regulatory approval.
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India’s Adani Ports has agreed to buy Dutch-based liquid-storage operator Evos in a deal valuing the company at €2.6 billion, giving the port operator a foothold in European terminals. The acquisition still requires regulatory approval.
Evos operates eight terminals in ports across several countries, including Amsterdam and Rotterdam. It is Europe’s second-largest independent liquid-storage operator, according to ANP and Reuters.
Adani Ports says the acquisition would expand its liquid-products business and help it respond to demand for newer fuels, including sustainable aviation fuel and biofuels. Evos is being sold by London-based investor Igneo Infrastructure Partners.
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