Business
Adani group weighs €3 billion bid for Dutch VTTI
The Hindu BusinessLine·
Gautam Adani is exploring a potential acquisition of Rotterdam-based energy storage group VTTI, people familiar with the matter said. A deal could value VTTI at about €3 billion, they said. IFM Investors and Vitol each own around 45 percent of VTTI, while Abu Dhabi National Oil Co holds 10 percent. Deliberations continue and may not lead to a transaction.
Prism
What It Means For You
- Energy traders watch Rotterdam storage assets if Adani or rival bidders reshape VTTI ownership.
- People familiar with the matter said Adani Group is among suitors for VTTI, which stores fuels and chemicals globally.
- Owners IFM, Vitol and Adnoc may reduce stakes if a deal proceeds.
What's Happening
- People familiar with the matter said Adani Group is among suitors for VTTI, which stores fuels and chemicals globally.
- Owners IFM, Vitol and Adnoc may reduce stakes if a deal proceeds.
- IFM Investors and Vitol each hold about 45 percent of VTTI, with Abu Dhabi National Oil Co holding the remaining 10 percent, the report said.
VTTI ownership structure
- IFM Investors and Vitol each hold about 45 percent of VTTI, with Abu Dhabi National Oil Co holding the remaining 10 percent, the report said.
- People familiar with the matter said Adani Group is among suitors for VTTI, which stores fuels and chemicals globally.
- Owners IFM, Vitol and Adnoc may reduce stakes if a deal proceeds.
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