Mumbai, Nov. 5 -- Adani Ports and Special Economic Zone Ltd (APSEZ) announced its entry into Europe on Thursday with the planned acquisition of Evos BV, the continent's second-largest liquid storage operator, at an enterprise value of €2.56 billion (over Rs.27,000 crore).

This will be the Ahmedabad company's fifth international acquisition in as many years, highlighting its growing global ambitions. It operates terminals in Israel, Tanzania, Sri Lanka, and Australia.

APSEZ was weighing 20 acquisition opportunities around the globe, chief executive officer Ashwani Gupta told analysts on Thursday evening. The company still had an appetite for overseas acquisitions as long as it could acquire the assets without overleveraging itself,...