Adani Ports set to acquire export terminal in Australia in a deal worth USD 2.4 billion
Adani Group firm, Adani Ports and SEZ Ltd, is set the acquire a coal export terminal in Australia from a group company. It is a USD 2.4 billion non-cash acquisition marking the firm's fourth overseas acquisition in two years.
The deal involves the issuance of new equity shares, and through the idea, Adani Group firm aims to boost its global presence and volume targets, leveraging the terminal's strategic location and long-term contracts.
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