Adani Ports to acquire Evos in EUR 2.56 billion deal

· Shipping · India · Netherlands

Adani Ports and Special Economic Zone has agreed to acquire 100% of Netherlands-headquartered liquid storage operator Evos B.V. from Igneo Infrastructure Partners in an all-cash transaction. The enterprise value is EUR 2.56 billion, with an equity value of EUR 1.18 billion, implying an acquisition multiple of 11.7 times. Evos operates liquid bulk storage terminals in Europe, and the deal marks a further push by the Indian ports group into overseas infrastructure. The immediate effect is that a major European liquid storage operator passes into Indian ownership, extending Adani's port and terminal network beyond India and into the European tank storage market.

Why it matters：The deal shows port operators diversifying into overseas liquid bulk storage to capture energy trade flows, a consolidation trend that could redraw who controls European tank capacity.

Key points

  • Evos is headquartered in the Netherlands and operates liquid storage terminals.
  • The seller is Igneo Infrastructure Partners.
  • Enterprise value is EUR 2.56 billion; equity value EUR 1.18 billion.

Sources (original reporting)

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