Adani Ports acquires Abbot Point Port for $2.54bn

India’s Adani Ports and Special Economic Zone (APSEZ) has announced the acquisition of 100% interest in Abbot Point Port Holdings (APPH) from Carmichael Rail and Port Singapore Holdings (CRPSHPL) for an enterprise value of A$3.97bn ($2.54bn).

APPH operates the North Queensland Export Terminal (NQXT), a multi-user