India, Nov. 5 -- Adani Ports and Special Economic Zone Limited (APSEZ) on Thursday said it will acquire a 100 per cent stake in the Netherlands-based Evos BV (Evos), Europe's second-largest independent liquid storage operator, from Igneo Infrastructure Partners at an enterprise value of €2.56.

India's largest port operator, in a statement, said the proposed transaction is an all-cash deal and values Evos at an equity value of 1.18 billion euros, implying an acquisition multiple of 11.7x CY25 EV/EBITDA.

For the calendar year 2025, Evos delivered revenue and EBITDA of €392 million and €219 million, respectively (56 per cent EBITDA margin), APSEZ added. APSEZ further said the transaction will be funded via debt and is sub...