Adani Ports Acquires Terminal in Australia for Over $2B

Adani Ports and Special Economic Zone (APSEZ) has completed the acquisition of the North Queensland Export Terminal (NQXT) in Australia for over $2 billion. This is reported by the railway transport news portal Railway Supply.

Strategic Acquisition of the Terminal

This acquisition comes as part of APSEZ’s continued global expansion. The company purchased Abbot Point Port Holdings (APPH) from Carmichael Rail and Port Singapore Holdings (CRPSHPL).

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The terminal, with a capacity of 50 million tonnes annually, plays a crucial role in Australia’s resource exports.

Non-Cash Transaction and Its Impact

The deal is structured as a non-cash transaction. APSEZ will issue 143.8 million equity shares to CRPSHPL, securing full ownership of APPH. This deal is valued at AU$3.975 billion (approximately $2.54 billion), and includes the assumption of additional non-core assets and liabilities.

However, these liabilities will have no impact on the overall valuation. APSEZ’s leverage will remain consistent post-acquisition.

The terminal is leased long-term from the Queensland Government, securing its status as a critical asset. This acquisition reinforces APSEZ’s position as a leader in global transport and logistics, further cementing its strategic footprint in the Australian export market.

Source: www.bairdmaritime.com

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