India, Nov. 6 -- India's Adani Ports and Special Economic Zone Limited (APSEZ) has announced plans to acquire a 100% stake in Netherlands-headquartered Evos B.V. (Evos) from Igneo Infrastructure Partners.

According to an APSEZ statement, the proposed acquisition is an all-cash transaction at an enterprise value of €2.56 billion.

The transaction values Evos at an equity value of €1.18 billion, implying an acquisition multiple of 11.7 times its CY25 enterprise value to EBITDA (EV/EBITDA).

In CY25, Evos reported revenue of €392 million and EBITDA of €219 million, translating into an EBITDA margin of 56%.

The pro forma net debt-to-EBITDA ratio of the combined entity stands at 2.76 times, based on APSEZ's FY26 and E...