Adani Ports to acquire Europe’s Evos for €2.56 billion EV
Adani Ports and Special Economic Zone Ltd (APSEZ) will acquire 100% stake in Netherlands-based Evos B.V. from Igneo Infrastructure Partners for an enterprise value of €2.56 billion in an all-cash transaction, marking its entry into Europe’s liquid storage market. The acquisition values Evos at an equity value of €1.18 billion, implying an enterprise value-to-EBITDA multiple…
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