Adani Ports Eyes European Liquid Storage Giant Evos

Adani Ports and Special Economic Zones (APSEZ) has made a significant move into the European market by submitting a binding offer of $3.3 billion for Evos Terminals. This acquisition targets a pan-European liquid storage and terminals company, signaling APSEZ's ambition to consolidate its position within the sector, especially in Europe. The timing is critical, given the current geopolitical volatility and heightened energy security concerns impacting global trade routes.

Evos Terminals, established five years ago and owned by Igneo Infrastructure Partners, boasts eight tank terminals with a substantial storage capacity of 6.4 million cbm spread across seven key European ports in five countries. This strategic asset base includes storage for traditional motor fuels as well as a growing portfolio of eco-friendly options such as bio-diesel and sustainable aviation fuel. The company's EBITDA was estimated at 200 million euros for 2025.

This bid follows Adani's recent unsuccessful pursuit of Associated British Ports. APSEZ, which currently operates 15 ports in India and four internationally, is actively evaluating diverse assets worldwide as part of its global expansion. The company's strategy emphasizes cargo mix and return potential, with a growing interest in liquid terminals as gateways for the energy transition.