India’s largest integrated transport utility, Adani Ports and Special Economic Zone Ltd (APSEZ), has acquired the North Queensland Export Terminal (NQXT) in Australia, adding 50 MTPA capacity.
In all-share deals, Adani Ports (APSEZ) will issue 14.38 crore equity shares at (A$ 3,975 million) to Carmichael Rail and Port Singapore holdings Pte Ltd (CRPSHPL) in exchange for 100% ownership of Abbot Point Port Holdings Pte Ltd (APPH).
Abbot Point Port Holdings Pte Ltd (APPH), a Singapore-based entity currently owned by Carmichael Rail and Port Singapore Holdings Pte Ltd (CRPSHPL).
APPH owns and operates NQXT, a major export terminal located at the Port of Abbot Point, roughly 25 kilometres north of Bowen in North Queensland, on Australia’s east coast.
As part of the deal, APSEZ will also take over certain non-core assets and liabilities listed on APPH’s balance sheet, which the company plans to liquidate within a few months.