{
  "id": 18314207,
  "title": "Adani Ports Expands Into European Energy Storage Market With €2.56 Billion Evos Acquisition",
  "url": "https://urgent.news/2026/11/05/adani-ports-expands-into-european-energy-storage-market-with-2-56",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T12:28:42.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/adani-ports-expands-into-european-energy-storage-market-with-256-billion-evos-acquisition"
  },
  "original_language": "en",
  "account": "Adani Ports, one of India's largest integrated transport operators, has announced the acquisition of Evos B.V., a Netherlands-based company that is Europe's second-largest independent liquid storage operator. The acquisition is valued at €2.56 billion and will give Adani Ports a significant presence in global liquid storage and energy hubs. The deal, which is expected to be completed after regulatory approvals and works council consultation, values Evos at €1.18 billion on an equity basis and implies an acquisition multiple of 11.7 times for the fiscal year 2025. Adani Ports CEO Karan Adani stated that the acquisition marks a significant milestone in his company's journey towards handling one billion tonnes of cargo and building a truly global integrated transport platform.",
  "summary": "Ahmedabad, Nov 5: Adani Ports and Special Economic Zone Limited (APSEZ) on Thursday announced the acquisition of 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 euros. Under the agreement, APSEZ will acquire a 100 per cent stake in Evos from Igneo Infrastructure Partners. The deal…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}