November 22, 2024 23:47 (IST)
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Adani Ports acquires 80% stake in global OSV operator Astro Offshore for USD 185 million

Adani Ports acquires 80% stake in global OSV operator Astro Offshore for USD 185 million

Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) is set to acquire an 80 percent stake in Astro, a global offshore service vehicle operator, in an all-cash deal for $185 million, implying an EV of $235 million and EV/FY25E EBITDA at 4.4x, said a company press release.