ADANI PORTS ACQUISITION
Adani Ports agrees to buy Dutch storage and terminal co Evos for $2.9 bn
All cash offer for Europe’s 2nd largest player is the company’s foray into Europe. The Iran war and supply disruptions across the hydrocarbons and chemicals value chain has forced countries and companies to seriously evaluate energy storage and logistics
Adani Ports makes $3.3 billion play for Evos Terminals
Adani Ports has submitted a binding $3.3 billion bid for Evos Terminals, a European liquid-storage operator with eight terminals across five countries, as it looks to expand overseas and build exposure to energy-transition infrastructure. The move follows APSEZ’s unsuccessful bid for Associated British Ports and reflects a broader push into global ports, container assets and liquid terminals.
Adani Ports floats unit in Oman, seen closing in on Salalah Port
Adani Ports and Special Economic Zone is incorporating a new company in Oman. The current operator of Salalah Port will not extend its concession agreements expiring in 2028. This development suggests a potential deal between Adani Ports and the Oman government. The company is evaluating over 20 international assets for acquisition opportunities. Analysts believe this indicates a strong possibility of Adani Ports securing Salalah Port operations soon.
Why is Adani betting $3.4 billion on global energy trade chaos?
Adani Group is reportedly exploring a $3.4 billion acquisition of Dutch energy storage giant VTTI as global oil supply disruptions reshape energy trade. With terminals across 16 countries, VTTI could expand Adani Ports' international footprint, strengthen crude oil storage and logistics capabilities, and unlock opportunities in fuel trading, biofuels, hydrogen infrastructure and global energy supply chains amid geopolitical uncertainty.
Adani said to weigh deal for €3 billion energy storage firm VTTI
Billionaire Gautam Adani is reportedly exploring a potential acquisition of Dutch energy storage group VTTI. Supply disruptions have made VTTI's facilities increasingly valuable for energy trading, attracting multiple suitors. A deal could value VTTI at around €3 billion, with IFM Investors and Vitol owning significant stakes. Adani Group has been evaluating international acquisitions to accelerate its growth in various sectors.
Stocks in news: Titan, HCL Tech, Adani Ports and Utkarsh SFB
Indian equities extended their recovery on Tuesday, driven by positive global cues and corporate updates. The Nifty 50 index closed at 22,714.80, marking a gain of 195.05 points. Several companies, including Titan Company and HCLTech, reported encouraging business developments that are likely to impact their stock performance. Technical analysts suggest that the Nifty will remain constructive if it stays above 22,600.
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How Gautam Adani turned Rs 1 lakh crore of stressed asset deals into a mega infrastructure bet
Gautam Adani's ambitious acquisition strategy involves securing over 20 infrastructure deals valued at ₹1 lakh crore, encompassing diverse sectors such as power, ports, airports, and renewable energy. This approach comes in response to prior financial challenges in India. The Adani Group aims to boost operational efficiencies and expand its capacity, resulting in improved EBITDA across its thermal power plants.
Shivtek Spechemi Industries to expand manufacturing capabilities through new land acquisition
Shivtek Spechemi Industries is planning to expand manufacturing capabilities through new land acquisitions and expanding existing manufacturing facilities at Pungam (Ankleshwar), Gujarat. Shivtek is constructing the new facility entirely from the ground up as the first industrial entrant on this specific plot. Leasing of factory space by manufacturing companies is projected to rise to 30-32 million sq ft annually by 2030 from 21.3 million sq ft in 2025. The company also announced strategic capacity expansion of 14,000 MT at its flagship manufacturing facility in Kurnool, Andhra Pradesh.
Empire buys back: After Tata, Adani can rewrite India's colonial past
Adani Ports is evaluating the acquisition of a controlling stake in UK's Associated British Ports (ABP) in a deal valued at nearly $10 billion. If completed, the acquisition would rank among the biggest overseas buys by an Indian company, marking a symbolic shift in India's economic rise while strengthening Adani's global ports network and maritime logistics footprint.
Adani Ports targets 3x international growth by 2029-30, expands capacity at key ports
Adani Ports and Special Economic Zone aims to triple its international operations by 2029-30, with significant investments in Israel, Tanzania, and Sri Lanka. The company is enhancing capacity at key domestic ports, targeting new acquisitions, and expecting significant growth in international revenue and cargo handling efficiency.
Buy Adani Ports & Special Economic Zone, target price Rs 1,460: JM Financial
Adani Ports & Special Economic Zone key Products/Revenue Segments include Income from Port Services, Infrastructure Leasing Income, Other Operating Revenue for the year ending 31-Mar-2022.
NCLT approves Adani Ports and SEZ’s takeover of Karaikal Port
Adani Ports and Special Economic Zone was pitted against Vedanta Limited, JSW Infra, a consortium of RKG Fund and Sagacious Capital and Jindal Power all of whom had submitted expressions of interest to acquire Karaikal Port. ET had first reported on 2 December that Adani Port and Special Economic Zone had emerged as the winning bidder for Karaikal Port.
Adani Ports completes acquisition of Karaikkal Port
This development follows the approval of the group's resolution plan by the National Company Law Tribunal (NCLT).
Adani Ports to boost trade lanes with joint Haifa Port acquisition
After a two-year tender process, Adani Ports and local chemicals and logistics group Gadot clinched the 4.1 billion shekel ($1.18 billion) winning bid for Haifa Port, Israel announced on Thursday. Adani Ports will have a 70% stake and Gadot will hold the remaining 30%, the Indian company said.
CCI approves Adani Ports and SEZ's 10% stake buy in Gangavaram Port
The 10.4 per cent equity shareholding would be acquired from the government of Andhra Pradesh, according to a combination notice filed with the regulator.
CCI approves Adani Ports and Special Economic Zone's 10 per cent stake-buy in Gangavaram Port
Adani Ports and Special Economic Zone is present across 11 domestic ports in six maritime states -- Gujarat, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha.
Adani ports gets CCI approval to pick up 25% more in Krishnapatnam port
The Rs 2,800 crore transaction will make the port in southern Andhra Pradesh fully owned by the Gautam Adani-led firm. APSEZ had acquired its 75% stake in October last year.
APSEZ gets CCI nod for 25% more stake purchase in Krishnapatnam port
"As a result of the proposed combination acquirer will hold 100% shareholding and sole control of the Target," according to a release. The Commission approves proposed acquisition of additional 25 per cent shareholding of Adani Krishnapatnam Port Ltd by Adani Ports and Special Economic Zone Ltd, CCI said in a tweet.
Adani Ports' acquisition of 89.6% stake in Gangavaram Port gets CCI nod
The Competition Commission of India (CCI) on Tuesday approved the acquisition of an 89.6 per cent stake in Gangavaram Port Ltd by Adani Ports and Special Economic Zones Ltd.
Adani buys 25% more in Krishnapatnam port for Rs 2.8K
APSEZ said in a statement on Monday that it has acquired the 25 per cent stake for Rs 2,800 crore in India's second-largest private port from Vishwa Samudra Holdings.
Adani Ports to acquire controlling stake in Gangavaram Port for Rs 3,604 cr
Adani Ports and Special Economic Zone on Tuesday said it will acquire a controlling interest in Gangavaram Port Ltd (GPL) from DVS Raju and family for Rs 3,604 crore taking its stake in GPL to 89.6 per cent. GPL is located in the northern part of Andhra Pradesh next to Vizag Port.
CCI approves acquisition of Krishnapatnam Port Co by Adani Ports and Special Economic Zone
Fair trade regulator CCI on Wednesday said it has given its nod to acquisition of Krishnapatnam Port Company Ltd by Adani Ports and Special Economic Zone Ltd.
Adani Ports to acquire 75% stake in Krishnapatnam Port Company
The Gautam Adani-led company will buy a 75% stake in KPCL at an enterprise value of Rs 13,572 crore after prolonged talks to obtain the all-weather port in Andhra Pradesh. The all-cash deal will be funded through internal accruals and existing cash balance, the company said in a release.
Adani Ports tanks over 8%; agri unit buyout appears ‘expensive’, says Citi
Street is not happy as there is uncertainty on capital allocation along with lack of transparency
Adani Ports Completes Acquisition of Kattupalli Port
A statement said APSEZ plans to transform Kattupalli into a multi commodity port to handle cargoes like containers, automobiles, break bulk, general cargo, liquid cargo and project cargo.
Adani Ports' prime focus is India; foreign projects will come later: Karan Adani, CEO
The $10-billion group will for now concentrate on its existing or ongoing projects instead of scouting for new ones, says Karan Adani.
Adani Ports in talks to acquire Gangavaram Port for $2.1 billion
The deal could make the company a dominant player on the country's eastern seaboard to capture the freight traffic in Bay of Bengal.
Adani Ports rise on completion of Dhamra Port acquisition
Adani Enterprises was up 2.25 per cent at Rs 463.90, while Adani Power rose by nearly 2 per cent to Rs 60.15 by mid-day.
Adani completes acquisition of Dhamra Port in Odisha
"The Dhamra port acquisition now gives us an opportunity to replicate the development and phenomenal growth of the Mundra port."
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