New Delhi, November 12: Adani Ports and Special Economic Zone Limited (APSEZ), the Adani Group’s flagship company, has agreed to acquire Netherlands-based Evos BV from Igneo Infrastructure Partners at an enterprise value of €2.56 billion (about ₹27,142 crore). With this transaction, the Adani Group gains a strong foothold in Europe’s liquid storage and energy infrastructure market.
The Gautam Adani-led conglomerate aims to finance the deal with a mix of equity and debt, with the Group planning to invest about $1.45 billion (or ₹13,000 crore) in equity, while the rest will come from debt financing underwritten by Mitsubishi UFJ Financial Group. The transaction will be subject to regulatory approvals, works council consultations and antitrust clearances.
Under the deal, APSEZ will take control of Evos BV, Europe’s second largest independent liquid storage operator. It currently manages 6.3 million cubic meters of storage in Belgium, Spain, the Netherlands, Germany and Malta, handling gasoline, gas oil, marine fuel, aviation fuel besides sustainable fuels.
It handled 37 million tonnes of fuel in 2025, serving major energy, industrial and chemical companies, along with commodity traders. It offers a consistent occupancy of 99% with revenues supported by a take or pay arrangement, long term customer relationships and consumer price index-linked contracts.
Evos currently has about €1.3 billion in debt, with Adani aiming to refinance it as per the deal. Despite the substantial cost, brokerages, including Nuvama, S&P and PL Capital, have reacted positively to the development, hoping the acquisition will help APSEZ gain avenues for growth and strengthen its earnings potential.
