India’s Adani Agrees to Buy Europe’s 2nd-Largest Liquid Storage Operator

Adani Ports and Special Economic Zone Limited (APSEZ) agreed to acquire Netherlands-headquartered Evos B.V. from Igneo Infrastructure Partners in a deal with an enterprise value of €2.56 billion ($2.87 billion). Already India’s largest port terminal operator, Adani continues to seek opportunities to expand its international footprint and build a foothold in Europe.

Evos will be an important part of the corporate strategy, with Adani calling it a “strong strategic fit with its ambitions to build a globally diversified integrated transport platform.” It establishes a sizeable European presence for the company while also scaling the size and diversifying its liquids operations.

“Evos marks an important milestone in APSEZ’s trajectory towards handling 1 billion tons of cargo and building a truly global, integrated transport platform,” said Karan Adani, Managing Director of APSEZ.

Netherlands-based Evos is Europe’s second-largest independent liquid storage operator, with 6.3 mn cubic meters of storage capacity at eight port-based terminals across the Netherlands, Germany, Spain, Belgium, and Malta. Evos operates a diversified liquids platform spanning both conventional and transition fuels. Its product mix includes gasoline, gasoil, marine fuels and jet fuel, alongside transition fuels such as sustainable aviation fuel (SAF), biofuels, methanol, and bioethanol, positioning the business to participate in Europe’s evolving energy mix. Evos is an investment-grade rated issuer.

This story was originally published by The Maritime Executive. Read the full story at The Maritime Executive →