Adani Ports and Special Economic Zone (APSEZ) and Igneo Infrastructure Partners have agreed to enter into an agreement for APSEZ to acquire Evos for €2.56 billion.
Evos is Europe’s second-largest independent liquid storage operator. It has 6.3 million m3 of storage over eight port-based terminals across the Netherlands, Germany, Spain, Belgium and Malta in some of the most important hubs: Amsterdam-Rotterdam-Antwerp region, Hamburg and the Mediterranean. The infrastructure comprises of 452 tanks, 63 vessels and barge berths, and integrated pipelines.
The acquisition supports APSEZ’s ambition to build a globally diversified integrated transport platform, securing a strong European base.
According to Evos' press release: 'the transaction is subject to the applicable Dutch employee consultation procedures and relevant regulatory approval.'
Karan Adani, managing director of APSEZ, comments: ‘Evos marks an important milestone in APSEZ’s trajectory towards handling 1 billion tons of cargo and building a truly global, integrated transport platform. We are delighted to welcome Evos into our portfolio, giving us significant presence across key global liquid storage and energy hubs. We look forward to partnering with Europe, supporting its sustainable energy transition and creating enduring value while maintaining the financial prudence that underpins our growth.’
