Adani Ports to Acquire European Liquid Storage Operator Evos B.V.

Adani Ports and Special Economic Zone (APSEZ) agreed to acquire 100% of Netherlands-based liquid storage operator Evos B.V. from Igneo Infrastructure Partners in an all-cash deal. The transaction values Evos at an enterprise value of €2.56 billion and an equity value of €1.18 billion, or 11.7 times its CY25 EV/EBITDA. APSEZ plans to fund the acquisition with debt to expand its global liquid-storage and energy-hub presence; completion is subject to regulatory approvals and works council consultation.