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Adani Ports to Acquire Australian Terminal in $2.4 Billion Non-Cash Deal
The Daily Guardian
|April 18, 2025
This strategic move is part of APSEZ's global growth plan, aiming to double its cargo volumes to 1 billion tonnes by FY30
Adani Ports and SEZ Ltd, India's biggest private port operator, announced on Thursday a USD 2.4 billion non-cash acquisition of a coal export terminal in Australia from a group company to strengthen its presence in the Asia-Pacific region.
The Board of APSEZ "approved the acquisition of Abbot Point Port Holdings Pte Ltd (APPH), Singapore, from Carmichael Rail and Port Singapore Holdings Pte Ltd, Singapore (CRPSHPL)", the company said in a statement.
CRPSHPL is a related party.
APPH owns the entities which own and operate the North Queensland Export Terminal, a dedicated export terminal with a current nameplate capacity of 50 million tonnes per annum (MTPA).
The terminal is located at the Port of Abbot Point, approximately 25 km north of Bowen in North Queensland on Australia's east coast.
This story is from the April 18, 2025 edition of The Daily Guardian.
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