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What is the story about?
Adani Ports and Special Economic Zone (APSEZ) is considering a possible bid for Associated British Ports (ABP), the largest port operator in the United Kingdom, as the group led by Gautam Adani seeks to broaden its international presence, a Moneycontrol report said.
ABP manages 21 ports located in England, Scotland, and Wales, including significant ports in Southampton and the Humber, and is responsible for approximately 25% of the UK's seaborne trade.
The scope of its operations includes containers, automobiles, dry and liquid bulk cargo, cruise ships, and industrial real estate.
According to the report, the Canadian pension funds CPP Investments and the Ontario Municipal Employees Retirement System (OMERS) collectively hold approximately 64% of ABP. A potential transaction could appraise ABP at over £10 billion.
The acquisition of ABP would represent Adani Ports' largest international transaction, providing the company with a significant operational base in one of Europe’s foremost trading economies.
How Did The Company Say?
In an exchange filing issued on July 29, the company said, "This is in relation to a news article appearing in the media titled “Adani eyes controlling stake in UK's Associated British Ports” In this context, we would like to inform you that as a matter of policy, we do not comment on market speculation or rumours. The Company continuously evaluates opportunities that align with our long-term strategy and create sustainable value for all stakeholders."
In recent years, APSEZ has consistently broadened its reach beyond India. Its most notable international acquisition is Haifa Port in Israel, which was purchased in collaboration with Gadot Group for around $1.18 billion, with Adani Ports owning a 70% stake in the venture.
Additionally, the company has initiated operations at the Colombo West International Terminal in Sri Lanka and Container Terminal 2 in Dar es Salaam, Tanzania. Its international assets also encompass the North Queensland Export Terminal in Australia.
APSEZ stands as India's largest private port operator, boasting a network of 15 ports and terminals with a cargo-handling capacity of approximately 627 million tonnes per year. Its portfolio features Mundra, the largest commercial port in India, along with Hazira, Dahej, Dhamra, Krishnapatnam, Gangavaram, Gopalpur, Kattupalli, and Vizhinjam.
In FY26, APSEZ achieved a record cargo handling of 500 million tonnes and has set a target to increase this figure to one billion tonnes annually by 2030.
ABP manages 21 ports located in England, Scotland, and Wales, including significant ports in Southampton and the Humber, and is responsible for approximately 25% of the UK's seaborne trade.
The scope of its operations includes containers, automobiles, dry and liquid bulk cargo, cruise ships, and industrial real estate.
According to the report, the Canadian pension funds CPP Investments and the Ontario Municipal Employees Retirement System (OMERS) collectively hold approximately 64% of ABP. A potential transaction could appraise ABP at over £10 billion.
The acquisition of ABP would represent Adani Ports' largest international transaction, providing the company with a significant operational base in one of Europe’s foremost trading economies.
How Did The Company Say?
In an exchange filing issued on July 29, the company said, "This is in relation to a news article appearing in the media titled “Adani eyes controlling stake in UK's Associated British Ports” In this context, we would like to inform you that as a matter of policy, we do not comment on market speculation or rumours. The Company continuously evaluates opportunities that align with our long-term strategy and create sustainable value for all stakeholders."
In recent years, APSEZ has consistently broadened its reach beyond India. Its most notable international acquisition is Haifa Port in Israel, which was purchased in collaboration with Gadot Group for around $1.18 billion, with Adani Ports owning a 70% stake in the venture.
Additionally, the company has initiated operations at the Colombo West International Terminal in Sri Lanka and Container Terminal 2 in Dar es Salaam, Tanzania. Its international assets also encompass the North Queensland Export Terminal in Australia.
APSEZ stands as India's largest private port operator, boasting a network of 15 ports and terminals with a cargo-handling capacity of approximately 627 million tonnes per year. Its portfolio features Mundra, the largest commercial port in India, along with Hazira, Dahej, Dhamra, Krishnapatnam, Gangavaram, Gopalpur, Kattupalli, and Vizhinjam.
In FY26, APSEZ achieved a record cargo handling of 500 million tonnes and has set a target to increase this figure to one billion tonnes annually by 2030.
