Adani Ports and Special Economic Zone Limited (APSEZ) has completed the acquisition of a coal export terminal in Australia from a related group company, reinforcing its strategic presence in the Asia-Pacific region.
In April, APSEZ announced a USD 2.4 billion non-cash acquisition of NQXT, approving the takeover of Abbot Point Port Holdings Pte Ltd (APPH), Singapore, from Carmichael Rail and Port Singapore Holdings Pte Ltd (CRPSHPL), a related party.
As part of the deal, APSEZ issued 14.38 crore new equity shares to CRPSHPL in exchange for 100% ownership of APPH. A regulatory filing on Tuesday confirmed the preferential allotment of 14,38,20,153 shares of face value Rs 2 each to CRPSHPL.
APSEZ stated that the acquisition of 100% interest in NQXT Australia has been successfully completed after obtaining approvals from majority of minority shareholders, the Reserve Bank of India, and the Foreign Investment Review Board of Australia, among others.
Ashwani Gupta, Whole-Time Director and CEO of APSEZ, said:
“The closure of NQXT’s acquisition marks a significant milestone in APSEZ’s growth trajectory towards handling 1 billion metric tonnes of cargo by 2030. NQXT will enhance our presence along the East-West trade corridor alongside our other international ports in Israel, Colombo, and Tanzania.”
During FY25, NQXT had a contracted capacity of 40 million tonnes, delivering AUD 228 million EBITDA on a proforma basis, representing 6% of APSEZ’s revenue and 7% of EBITDA for FY25.
Originally, APSEZ had acquired the North Queensland Export Terminal (NQXT) at Abbott Point in 2011 for USD 2 billion. The Adani family purchased it from APSEZ in 2013 to focus on domestic expansion. Now, with a strengthened balance sheet and a dominant position in India, APSEZ has re-acquired the terminal as part of its global growth strategy.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Readers should consult qualified financial professionals before making investment decisions.
