The Indian group Adani Ports and Special Economic Zone (APSEZ) has reached an agreement to acquire 100% of the Dutch company Evos B.V., which operates liquid product storage terminals, including one at the Port of Algeciras. The transaction, agreed with Igneo Infrastructure Partners, carries an enterprise value of 2.56 billion euros and will enable the port operator to add eight terminals across five European countries to its portfolio, including the facility at Isla Verde Exterior.
The Indian company announced the agreement on November 5 and specified that the acquisition will be made through an all-cash transaction financed with debt. Evos's equity value has been set at 1.18 billion euros. The sale is still subject to the relevant regulatory approvals and consultation with workers' representatives, so its final completion remains pending.
Evos's terminal in Algeciras has a storage capacity of 403,000 cubic meters, distributed across 22 tanks, each with a capacity ranging from 2,000 to 40,000 cubic meters. The facility, which has been operational since 2013, is located on the Isla Verde Exterior site and handles the storage, treatment, and movement of fuels primarily intended for the maritime sector.
Products it can store include marine fuel oil, marine diesel, marine gas oil, biomethanol, methanol, and biodiesel. The facility has two berths for vessels of up to 225,000 deadweight tons and two others for barges of up to 16,000 tons, as well as a draft of 19.5 meters. Its services include loading and unloading, product blending, and transfers between vessels and tanks.
The Algeciras facility is also included in plans to develop new capacity for alternative fuels. Evos and Peninsula signed a memorandum of understanding in August 2026 to study the construction of up to 60,000 additional cubic meters of biofuel storage at the Port of Algeciras. The planned capacity would be allocated to Peninsula for its marine fuel supply operations. The initiative remains subject to technical and commercial development and a final investment decision.
The acquisition announced by Adani Ports also includes Evos's terminals in Amsterdam East, Amsterdam West, Rotterdam, and Terneuzen in the Netherlands; Hamburg in Germany; Ghent in Belgium; and Malta. In total, the Dutch company operates 452 tanks with a total capacity of 6.3 million cubic meters, as well as 63 berths for vessels and barges and various pipeline connections to industrial and logistics facilities.
In 2025, Evos handled 37 million tons of liquid products and reported revenue of 392 million euros, with earnings before interest, taxes, depreciation, and amortization (EBITDA) of 219 million. According to data provided by Adani Ports, the company maintains an average commercial occupancy rate of 99% and operates in conventional fuels as well as biofuels, methanol, bioethanol, and sustainable aviation fuel (SAF).
The Indian group said the transaction is part of its strategy to diversify geographically and expand its activities related to energy product storage. Once the acquisition is complete, Adani Ports expects to have a network of 28 ports and terminals across ten countries. To finance the transaction, Japan's Mitsubishi UFJ Financial Group (MUFG) has committed up to 2.8 billion euros.
