Rumor
Adani Group reportedly weighs deal that could value VTTI at around €3 billion
Bloomberg reports that Adani Group is among suitors for Rotterdam-based VTTI, whose terminals store fuels and chemicals.
TLDR
Bloomberg reports, citing people familiar with the matter, that Adani Group is considering acquiring Dutch energy storage group VTTI. A deal could value the company at around €3 billion ($3.4 billion). IFM Investors and Vitol each own about 45% of VTTI, while Abu Dhabi National Oil Co. holds the remaining 10%. Deliberations are ongoing, and a transaction is not certain.
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