Adani Ports and Special Economic Zone Ltd. (APSEZ) has finalized the acquisition of the North Queensland Export Terminal (NQXT) in Australia for US$2.66 billion, reports Port News.
This strategic move enhances APSEZ’s global footprint and strengthens its position in the international logistics and port operations sector.
APSEZ Acquires Queensland Terminal
The NQXT is a pivotal infrastructure asset located in the Port of Abbot Point, Queensland, Australia. It serves as a critical export terminal, facilitating the shipment of various commodities, including coal and other bulk materials, to international markets. The acquisition aligns with APSEZ’s growth strategy to expand its portfolio of port assets and enhance its capabilities in handling diverse cargo types.
This development underscores APSEZ’s commitment to becoming a leading global player in the port and logistics industry, leveraging strategic acquisitions to bolster its operational reach and service offerings.
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Source: Port News
