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Adani Ports Announces $2.4 Billion Non-Cash Deal to Reacquire Australian Export Terminal

The acquisition of the North Queensland Export Terminal aligns with APSEZ's global expansion strategy and awaits regulatory approvals for completion within two quarters.

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Adani Ports

Overview

  • APSEZ will reacquire the North Queensland Export Terminal (NQXT) in Australia through a $2.4 billion non-cash share-swap deal, issuing 14.38 crore equity shares to a related entity.
  • The terminal, under a long-term lease from the Queensland Government, has a 50 MTPA capacity and handled a record 35 million tonnes of cargo in FY25, generating A$349 million in revenue.
  • This marks APSEZ's fourth overseas acquisition in two years, expanding its portfolio to 19 ports and terminals, including operations in Israel, Tanzania, and Sri Lanka.
  • The deal is subject to approvals from the Reserve Bank of India, shareholders, and Australia's Foreign Investment Review Board, with completion expected within the next two quarters.
  • APSEZ plans to leverage NQXT's strategic location, growing Asia-Pacific trade, and potential green hydrogen exports to achieve its goal of doubling cargo volumes by FY30.