APSEZ acquires 80% stake in global OSV operator Astro Offshore for USD 185 Mn
30 Aug 2024
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, has entered into a definitive agreement to acquire 80% stake in Astro, in an all-cash deal for USD 185 million, implying an EV of USD 235 million and EV / FY25E EBITDA at 4.4x. The transaction...
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