Adani Ports Acquires North Queensland Export Terminal in $2.5B Stock Deal

Gautam Adani is transferring ownership of the North Queensland Export Terminal (NQXT) in Australia to Adani Ports & Special Economic Zone (APSEZ) in a non-cash stock deal valued at $2.4–$2.5 billion. 

Key Details: -

• Transaction Structure: APSEZ will issue 143.8 million shares to acquire Abbot Point Port Holdings, which owns and operates NQXT. 
• Strategic Expansion: This move aligns with Adani Ports' goal of handling 1 billion tonnes annually by 2030. 
• Global Footprint: NQXT will be Adani’s fourth international port asset, following acquisitions in Israel, Sri Lanka, and Tanzanial. 
• Future Prospects: The terminal has a 50 million tonne capacity, with potential for green hydrogen exports. This deal strengthens Adani’s global logistics presence, consolidating assets under APSEZ while increasing promoter shareholding.

Abbot Point Port Holdings (APPH) is currently owned by Carmichael Rail and Port Singapore Holdings (CRPSHPL), a related entity of Adani Group. APSEZ is acquiring 100% interest in APPH through a non-cash share swap.

APSEZ will issue 143.8 million new equity shares to CRPSHPL in exchange for APPH, effectively consolidating the terminal under Adani Ports.

APPH’s assets include the 50 MTPA deep-water export terminal, which plays a crucial role in Australia’s mining sector and could support green hydrogen exports in the future.

The transaction is valued at A$3.975 billion, with APSEZ assuming non-core assets and liabilities from APPH, though these will be realized within months with zero net impact on valuation.

This move strengthens Adani’s global logistics footprint, bringing NQXT back under APSEZ after previously being transferred to the Adani family in 2013.