Adani Ports to buy Dutch operator Evos for €1.18 billion
In short
Adani Ports is set to buy Dutch operator Evos in an all-cash deal worth €1.18 billion.
The deal would give Adani Ports eight European terminals and 6.3 million cubic metres of storage space, which could widen its liquid cargo business.
What the reporting says
Adani Ports will acquire Dutch operator Evos in an all-cash €1.18 billion deal. The purchase will add eight European terminals and 6.3 million cubic metres of storage capacity to Adani Ports' network. The deal expands its liquid cargo portfolio and extends its European presence, according to the summary.
Why it matters
Adani Ports plans an all-cash acquisition of Evos for €1.18 billion, adding eight European terminals and 6.3 million cubic metres of storage capacity. The move is meant to expand its liquid cargo portfolio and European footprint.