# Adani Ports buys Dutch storage firm Evos for €2.56 billion 2026-11-05T12:17:30+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 5 independent outlets (6 source reports) Adani Ports and Special Economic Zone Limited (APSEZ) on Thursday announced a deal to acquire 100 per cent of Netherlands-based Evos B.V., Europe's second-largest independent liquid storage operator, from Igneo Infrastructure Partners at an enterprise value of €2.56 billion (approximately ₹27,217 crore). The all-cash transaction values Evos at an equity value of €1.18 billion, implying a multiple of 11.7 times CY25 enterprise value to EBITDA. APSEZ said the acquisition will be funded through debt and is subject to regulatory approvals and works council consultation. Evos reported revenue of €392 million and EBITDA of €219 million in calendar 2025, a 56 per cent margin. The platform has eight port-based terminals across the Netherlands, Germany, Spain, Belgium and Malta, with 6.3 million cubic metres of storage capacity and 452 tanks. APSEZ managing director Karan Adani said the acquisition creates a significant European presence and supports the region's sustainable energy transition. MUFG has committed up to €2.8 billion in financing. Update, 5 November 2026: CNBC-TV18 adds a rupee equivalent of ₹27,217 crore for the enterprise value and reports that Evos' consolidated income rose from €323 million in CY23 to €392 million in CY25. The outlet also states that the acquisition will increase APSEZ's liquids cargo volumes from 46 MMT to 83 MMT based on FY26 and CY25 volumes. All sources confirm the same deal size, equity value and financing commitment. ## Indian Opinion Analysis All five outlets report the same set of facts from the APSEZ statement, enterprise value, equity value, EBITDA multiple, revenue and margin, making this uniform corporate-news coverage. Every source leads with the deal size and stakes, and all carry Karan Adani's quote on Europe's sustainable energy transition and financial prudence. The Hindu adds the most operational detail, including tank numbers, berth counts and pipeline links, while CNBC-TV18 provides the rupee equivalent and a three-year revenue trend. Business Standard alone notes 99% average commercial occupancy. The shared framing is neutral-report: straight deal announcement with no independent analysis or critical commentary. The translated rupee figure is available for Indian-language versions: ₹27,217 crore. ## Coverage Coverage: 3 sources, 3 neutral - Syndicated copy - thehindubusinessline.com Straight deal announcement from company statement - deccanherald.com Identical wire copy, same framing as others - business-standard.com Adds occupancy rate, otherwise uniform - thehindu.com (neutral report) Adds operational details, still neutral-report - cnbctv18.com (neutral report) Adds rupee equivalent and multi-year revenue This brief was synthesised by AI from the 3 sources linked above, so one read covers every framing they carry. Tags: Adani Ports and Special Economic Zone, Europe, Evos B.V., MUFG Canonical: https://indianopinion.org/adani-ports-buys-evos-for-e2-56-bn-enterprise-value/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/adani-ports-buys-evos-for-e2-56-bn-enterprise-value/#story-in-brief How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/