Gautam Adani is planning to move ownership of an Australian port terminal back to his main listed company, Adani Ports and Special Economic Zone Ltd (APSEZ), in a deal worth about $2.4 billion. Reports Bloomberg, citing people familiar with the matter. This move is part of Adani’s push to expand his company’s international port operations.
The North Queensland Export Terminal, located in Australia, will be transferred by issuing preferential shares to an Adani family-controlled entity. Interestingly, APSEZ had originally bought the terminal in 2011 but sold it to the family in 2013 for $2 billion so the company could focus on its India-based ports at that time.
Now, with global trade shifting, APSEZ is looking to tap into key international routes. This will be the company’s fourth overseas port asset, following its earlier acquisitions in Israel (Haifa), Sri Lanka (Colombo), and Tanzania (Dar es Salaam). The move signals Adani’s ambition to position APSEZ as a global port powerhouse, especially in regions connected to India’s growing trade network.
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