From NDTV
Center-Right Owned by Adani Group (AMG Media)Adani Ports To Acquire European Storage Giant Evos For 2.56 Billion Euros
What's behind this
Adani Ports has agreed to acquire Evos, Europe’s second‑largest independent liquid storage operator, in an all‑cash transaction valued at €2.56 billion (reported as Rs 27,200 crore). Evos runs eight port‑based terminals in the Netherlands, Germany, Spain, Belgium and Malta. For the calendar year 2025, Evos reported revenue of €392 million and EBITDA of €219 million, giving a 56 percent EBITDA margin.
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The proposed transaction is an all-cash deal and values Evos at an equity value of 1.18 billion euros, implying an acquisition multiple of 11.7x CY25 EV/EBITDA.
RSS excerpt
For the calendar year 2025, Evos delivered revenue and EBITDA of 392 million euros and 219 million euros, respectively (56 per cent EBITDA margin), APSEZ added.