'Buy' Adani Ports, Maintains Motilal Oswal, Says NQXT Australia Acquisition To Expand Global Presence
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4 Articles
Billionaire Gautam Adani selling Australian port operations to his company in $4bn deal
Billionaire Gautam Adani is transferring ownership of an Australian terminal operation to his listed Adani Ports & Special Economic Zone in a deal valued at A$4 billion ($2.6 billion) as the Indian port giant expands its global footprint. The North Queensland Export Terminal in Abbot Point, Queensland, Australia. Courtesy of Adani Ports Adani Ports said in a statement late Thursday its board approved the acquisition of Abbot Point Port Holdings…
'Buy' Adani Ports, Maintains Motilal Oswal, Says NQXT Australia Acquisition To Expand Global Presence
This acquisition marks Adani Ports’ a strategic re-entry into NQXT, a critical asset previously held by Adani Ports between 2011 and 2013. The asset was sold by Adani Ports to Adani Group in 2013 as part of Adani Ports’ then-focus on domestic operations. With its India portfolio now stable and growing well, Adani Ports is resuming international expansion, aiming to scale total cargo volumes to 1 billion mt by 2030 (including 150 MT of volumes fr…
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