Adani Ports Agrees €2.56 Billion Deal For Europe’s Second-Largest Liquid Storage Operator

Adani Ports and Special Economic Zone Ltd (APSEZ) will acquire the Netherlands-based liquid storage operator Evos B.V. for an enterprise value of €2.56 billion, giving it eight port-based terminals across Europe.

The company would buy a 100% stake from Igneo Infrastructure Partners in an all-cash transaction, APSEZ said.

APSEZ describes Evos as the second biggest independent player in liquid storage in Europe, with tanks holding 6.3 million cubic metres in total.

The terminals are spread over the Netherlands, Germany, Spain, Belgium and Malta, with a presence in the Amsterdam-Rotterdam-Antwerp (ARA) cluster, Hamburg and the Mediterranean, all of them energy and industrial centres.

Across the sites, there are 452 tanks and 63 berths for ships and barges, while pipelines connect them to Schiphol Airport and the Central Europe Pipeline System.

In 2025, the terminals moved 37 million metric tonnes (MMT) of product.

Tanks at the terminals hold marine fuels along with gasoil, gasoline and jet fuel. Methanol, bioethanol, biofuels and sustainable aviation fuel (SAF) are also handled there.

Managing Director of APSEZ said that the deal is a key step towards the group’s goal of moving 1 billion tonnes of cargo and becoming an integrated global transport business. He added that it gives APSEZ a strong foothold in important liquid storage and energy centres around the world.

The company said that the deal would also give it exposure to the long-term transition towards new-age fuels.

The move marks APSEZ’s entry into Europe’s liquid storage market. The company currently runs port terminals across India, besides overseas operations in Israel, Tanzania, Sri Lanka and Australia.

Such terminals work as the holding point between ships and the end user. Fuels arriving by tanker are discharged into shore tanks, and are later sent out by barge, pipeline or other vessels to refineries, airports and industries.

The acquisition is subject to regulatory and other approvals, besides consultation with the works council. No timeline for completion has been shared.