Why is Adani betting $3.4 billion on global energy trade chaos?
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Adani Group is reportedly eyeing a stake in the global energy infrastructure firm VTTI.
- ✓This move follows their missed chance to buy into Associated British Ports.
- ✓By targeting storage terminals across 16 countries, Adani wants to expand its influence across the energy supply chain as global market demand grows.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 9 Minute(s)
- Market Focus
- India Economy
Synopsis
Soon after the Adani Group missed the chance to likely buy a stake in the UK's Associated British Ports (ABP) as the 64% stake was sold to Australian asset management firm IFM Investors, it is reportedly eyeing another Europe-based asset.
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The proposed acquisition would give the conglomerate a foothold in the infrastructure that keeps global energy markets moving such as storage terminals where crude oil, refined fuels and other products can be held before reaching buyers. As supply disruptions make access to storage and trading hubs more valuable, these facilities offer Adani a way to expand its influence across the energy supply chain.
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The Economic Times
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