Adani Ports and Special Economic Zone Ltd. (APSEZ) has announced the acquisition of Abbot Point Port Holdings Pte Ltd (APPH), Singapore, from Carmichael Rail and Port Singapore Holdings Pte Ltd (CRPSHPL).
APPH is the holding entity for assets that own and operate the North Queensland Export Terminal (NQXT), which is a high-capacity export terminal with a nameplate capacity of 50 million tonnes per annum (MTPA), strategically located at the Port of Abbot Point on Australia’s east coast.
This acquisition is being executed through a non-cash transaction, where APSEZ will issue approximately 14.38 crore equity shares to CRPSHPL in exchange for a 100% stake in APPH.
In addition, APSEZ will take over certain non-core assets and liabilities listed on APPH’s balance sheet. However, these are expected to be monetized within a few months, resulting in no net impact on the overall valuation of the deal.
Commenting on the acquisition, Ashwani Gupta, full-time director & CEO of APSEZ, said, “NQXT’s acquisition is a pivotal step in our international strategy, opening new export markets and securing long-term contracts with valued users. Strategically located on the East-West trade corridor, NQXT is poised for robust growth as a high-performing asset, driven by increased capacity, upcoming contract renewals in the medium term, and the potential for green hydrogen exports in the long term.”
Gupta added that with contract renewals ahead and increasing throughput, we are targeting an EBITDA of A$400 million within four years. NQXT’s addition to our portfolio reflects our ‘Growth with Goodness’ ethos, underpinned by strong environmental, social, and governance (ESG) standards.
This move underscores APSEZ’s focus on strengthening its global presence and tapping into emerging growth opportunities in international trade and sustainable infrastructure.
Discover the next big investment! Unicorn Signals’ IPO screener helps you identify promising initial public offerings. Download Unicorn Signals and get ahead of the curve! Sign Up Now & Find Your Next IPO Gem!
