The transaction will be completed in a non -monetary base | Photo credit: ANI
Adani Ports and Special Economic Zone (Apsez) announced on Thursday a non -monetary acquisition of an Australian port terminal of a group company.
The Board of Directors of Apsez “approved the acquisition of Abbot Port Holdings Pte Ltd (APPH), Singapore of Carmichael Rail and Port Singapore Holdings Pte Ltd, Singapore (CRPSHPL),” said an official statement here. APPH has the entities that possess and operate the export terminal of North Queensland (NQXT), an export terminal dedicated with a capacity of 50 million tons per year (MPTA). The terminal is located in the port of Abbot Point, approximately 25 km north of Bowen, in the north of Queensland on the east coast of Australia.
The transaction will be completed in a non -monetary base. Apsez will issue 14.38 capital shares of millions of rupees to CRPSHPL, in exchange for the acquisition of interest of 100 percent in APPH. This is based on the business value of NQXT or $ 3,975 million. As part of the transaction, Apsez will also assume other non -basic assets and liabilities in the general balance of APPH, which Apsez will give an account a few months of the acquisition (zero impact on the assessment of the transaction). Apsez Willin’s leverage at similar levels after the transaction.
Ashwani Gupta, full-time director and CEO, Apsez, said in the statement: “The acquisition of NQXT is a fundamental step in our international strategy, opening new export markets and ensuring long-term contracts with valued users. Strategically located in the East-West Commerce Corridor, NQXT is a long-term hydron growth.
NQXT is under a long -term lease of the Queensland government and is a critical infrastructure asset that supports the important Australian resource industry. NQXT provides strategic access to eight main clients under long -term contracts to “take or pay”. NQXT operations contributed a gross state product of $ 10 billion and provided 8,000 jobs in mining and other industries.
Posted on April 17, 2025