BusinessPhoto: NDTVAdani Ports Acquires Europe's Evos for 2.56 Billion Euros
Adani Ports and Special Economic Zone Limited (APSEZ) announced it will acquire 100% of Netherlands-based Evos B.V., Europe's second-largest independent liquid storage operator, for 2.56 billion euros. The all-cash deal values Evos at 1.18 billion euros equity with an 11.7x CY25 EV/EBITDA multiple. Evos reported 392 million euros revenue and 219 million euros EBITDA in 2025. The acquisition will be debt-funded and requires regulatory approvals. APSEZ aims to expand its global liquid storage presence and support Europe's energy transition.
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