Asia’s 3rd-richest man buys European company in $2.9B deal
Adani Ports & Special Economic Zone, controlled by Asia’s third-richest man Gautam Adani, has agreed to acquire Amsterdam-based liquid storage operator Evos BV at an enterprise value of EUR2.6 billion (US$2.9 billion).
Asian conglomerate Adani Ports & Specialized Logistics (APSEZ) has acquired European liquid storage firm Evos for $2.9 billion, according to a statement from the company. The deal, financed through a mix of debt and financing commitments from Japan's MUFG, gives APSEZ a significant presence in Europe. Karan Adani, managing director of Adani Ports and son of Gautam Adani, emphasized that the acquisition will enable the company to handle 1 billion tons of cargo and develop a global integrated transport platform.
Evos operates eight terminals in the Netherlands, Germany, Spain, Belgium, and Malta, with a total storage capacity of 6.3 million cubic meters, serving energy and industrial hubs. The company handled 37 million metric tons of liquids in 2025, including traditional fuels and cleaner alternatives like sustainable aviation fuel. Karan Adani expressed enthusiasm about partnering with Europe to support its energy transition and drive growth while maintaining financial prudence.
The acquisition will expand APSEZ's global network to 28 ports and terminals across 10 countries once completed, pending regulatory approvals. Currently, the company operates 16 facilities in India, with a marine fleet of 138 vessels and ports handling 671 million metric tons of cargo. Gautam Adani, the chairman of the Ahmedabad-based Adani Group, is Asia's third-richest individual with a net worth of $83 billion, trailing only Indian billionaire Mukesh Ambani and TikTok co-founder Zhang Yiming.
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