Adani Ports and Special Economic Zone Limited (APSEZ) on Thursday said it will acquire a 100 per cent stake in the Netherlands-based Evos B.V. (Evos), Europe’s second-largest independent liquid storage operator, from Igneo Infrastructure Partners at an enterprise value of 2.56 billion euros.
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.
Evos operates a diversified liquids platform spanning both conventional and transition fuels. Its product mix includes gasoline, gasoil, marine fuels and jet fuel, alongside transition fuels such as sustainable aviation fuel (SAF), biofuels, methanol and bioethanol, positioning the business to participate in Europe’s evolving energy mix. Evos is an investment-grade rated issuer.
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. It adds a high-margin, cash-generative liquids business to APSEZ’s portfolio with average commercial occupancy at 99 per cent and a substantial part of revenue under take-or-pay contracts and a CPI-linked contract base. The statement said the transaction will strengthen APSEZ’s business risk profile by increasing the scale, geographic diversity, and cash flow of the combined platform, and APSEZ’s global footprint now expands to 28 ports and terminals across 10 countries.
