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APSEZ to buy Europe’s second-largest independent liquid storage operator from Igneo for €2.56b
Transactions - NOVEMBER 9, 2026

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APSEZ to buy Europe’s second-largest independent liquid storage operator from Igneo for €2.56b

by Kali Arevalo

Adani Ports and Special Economic Zone (APSEZ), India’s largest integrated ports and logistics company and one of the world’s fastest-growing integrated transport operators, has announced plans to acquire Evos, Europe’s second-largest independent liquid storage operator, from Igneo Infrastructure Partners. The proposed transaction is an all-cash deal at an enterprise value of €2.56 billion ($2.8 billion).

Evos has 6.3 million cubic meters of storage capacity at eight strategically located port-based terminals across the Netherlands, Germany, Spain, Belgium and Malta. The company’s terminals are positioned in Europe’s most important energy and industrial hubs, including the Amsterdam-Rotterdam-Antwerp region, Hamburg and the Mediterranean. The platform comprises 452 tanks, 63 vessels and barge berths, and has several integrated pipeline connectivities. Evos handled 37 million tonnes of throughput in calendar year 2025.

Evos operates a diversified liquids plat

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