Adani Ports to Acquire European Liquid Storage Firm Evos

Adani Ports (APSEZ) will acquire a 100% stake in Netherlands-based Evos B.V. for an enterprise value of €2.56 billion.

Evos operates 6.3 million cubic metres of storage across eight terminals in Europe, including major hubs in the ARA region and Germany.

The acquisition provides APSEZ entry into the European liquid storage market and is funded via debt as part of the company's global expansion.