Adani Ports and SEZ (APSEZ) announced on 5 November 2026 it will buy 100% of Netherlands-based Evos B.V. in an all-cash deal worth €2.56 billion (about ₹27,142 crore).
The deal
- Enterprise value: €2.56 billion, equity value €1.18 billion
- Seller: Igneo Infrastructure Partners
- Evos’s 2025 figures: revenue €392 million, EBITDA €219 million — the deal values it at 11.7 times EBITDA
- Funded through debt, with MUFG financing of up to €2.8 billion
What Evos brings
- Europe’s second-largest independent liquid storage operator
- 8 terminals in 5 countries — Netherlands, Germany, Spain, Belgium and Malta
- 6.3 million cubic metres of storage capacity
- APSEZ’s portfolio grows to 28 ports and terminals in 10 countries
What is not final yet
The deal is subject to regulatory approvals and works-council consultation, with completion expected in about 15 months.
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