India’s Adani Ports and Special Economic Zone (APSEZ) has agreed to buy Netherlands-based liquid storage operator Evos B.V. in a deal valuing the company at €2.56 billion ($2.88 billion), its biggest push yet into Europe, gCaptain reported.
APSEZ will acquire 100% of Evos from Igneo Infrastructure Partners. The equity value is €1.18 billion, and the purchase will be debt-financed, with MUFG providing commitments of up to €2.8 billion. The deal still needs regulatory approvals and works council consultation; no closing date has been announced.
Europe’s second-largest independent tank storage operator
- Terminals: eight port-based terminals in the Netherlands, Germany, Spain, Belgium and Malta, covering the Amsterdam-Rotterdam-Antwerp hub, Hamburg and the Mediterranean.
- Capacity: 6.3 million cubic metres in 452 tanks, with 63 berths for ships and barges.
- Volumes: 37 million tonnes of liquid cargo handled in 2025, including gasoline, gasoil, marine fuels and jet fuel, as well as sustainable aviation fuel, biofuels, methanol and bioethanol.
- Financials: €392 million revenue and €219 million EBITDA in 2025, with average commercial occupancy of 99% and much of its revenue from long-term contracts.
28 ports in 10 countries
Adani describes itself as India’s largest private port operator and already runs terminals in Sri Lanka, Israel, Tanzania and Australia. Once the Evos deal closes, its footprint will grow to 28 ports and terminals across 10 countries. APSEZ managing director Karan Adani called the acquisition an important milestone towards the group’s goal of handling 1 billion tonnes of cargo.
Global terminal operators are also expanding closer to home: in October, The Daily Star reported that Dubai’s DP World is to operate Chattogram port’s New Mooring Container Terminal.
Source: gCaptain, 6 November 2026, citing an APSEZ media release. Photo: file image of Adani’s Mundra Port in Gujarat.
