India, Nov. 5 -- Adani Ports and Special Economic Zone Ltd. (ADANIPORTS) on Thursday said it has agreed to acquire a 100% stake in Netherlands-based Evos B.V., Europe's second-largest independent liquid storage operator, in an all-cash transaction valued at an enterprise value of €2.56 billion.
The acquisition will give Adani Ports a significant foothold in Europe and expand its global network to 28 ports and terminals across 10 countries.
The transaction values Evos at an equity consideration of €1.184 billion, subject to closing adjustments, and implies an enterprise value-to-EBITDA multiple of 11.7 times its 2025 earnings.
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The deal will b...