Adani Ports to acquire Evos in €2.56bn enterprise value deal

The significance here lies less in the headline figure than in the direction of travel: an Indian ports operator buying European storage and terminal capacity, which puts Asian infrastructure capital deeper into the continent's liquid bulk logistics chain. It matters for European terminal operators and their customers, who may face a shifting competitive field, and for anyone tracking cross-border infrastructure ownership. No further terms were disclosed, so the open questions are financing and structure, and whether this becomes a template for more such acquisitions.