India’s largest integrated transport utility, Adani Ports and Special Economic Zone Ltd (APSEZ), has acquired the North Queensland Export Terminal (NQXT) in Australia.
The acquisition was approved by the company’s Board of Directors.
It involves the purchase of Abbot Point Port Holdings Pte Ltd (APPH), a Singapore-based entity currently owned by Carmichael Rail and Port Singapore holdings Pte Ltd (CRPSHPL), which is a related party.
APPH owns and operates NQXT, a major export terminal located at the Port of Abbot Point, roughly 25 kilometers north of Bowen in North Queensland, on Australia’s east coast.
The transaction is structured as a non-cash deal. APSEZ will issue 14.38 crore equity shares to CRPSHPL in exchange for 100% ownership of APPH.
This exchange is based on an enterprise value of A$ 3,975 million for NQXT.
As part of the deal, APSEZ will also take over certain non-core assets and liabilities listed on APPH’s balance sheet, which the
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