Adani Ports Agrees to Buy Evos for €2.56 Billion
Adani Ports, the group's port and logistics arm known as APSEZ, has agreed to buy Evos, a European storage company, for 2.56 billion euros. The company said the deal will be funded through debt. Acquisitions like this add storage and logistics capacity outside India.
Context
Context: Adani Ports is one of India's largest port operators and has been expanding overseas and into logistics. Storage businesses handle goods moving through ports, so the purchase fits a wider push to grow beyond Indian shores.
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