Adani Group Plans $1.45 Billion Equity Push To Finance €2.56 Billion Evos Acquisition

Adani Group's Chairman, Gautam Adani (File Photo)

India’s Adani Group is preparing a substantial equity investment to support its proposed €2.56 billion ($2.9 billion) takeover of Dutch liquid storage company Evos B.V., with plans to cover approximately half of the acquisition cost through its own capital and arrange the balance through syndicated borrowing.

According to a Bloomberg report citing people familiar with the matter, the conglomerate, led by billionaire Gautam Adani, could contribute up to $1.45 billion in equity towards the transaction. The group is also exploring options to refinance approximately €1.3 billion in existing debt held by Evos. The individuals spoke on condition of anonymity because the financing discussions remain confidential.

The proposed funding arrangement comes as Adani Group strengthens its international presence, particularly across the ports and infrastructure sectors, through strategic acquisitions.

Under the proposed structure, Adani Group intends to combine a major capital contribution with financing from international lenders. The debt component is expected to be raised through a syndicated facility, potentially creating opportunities for several major financial institutions to participate.

The acquisition also comes at a time when India's corporate takeover financing landscape is undergoing changes. Regulatory relaxations that took effect on July 1 allow domestic…

Original source: https://www.timesnownews.com/business-economy