Adani Ports and Special Economic Zone APSEZ, India’s largest ports and logistics company, has agreed to acquire a 80% stake in Singapore's Astro, in an all-cash deal for $185 million, implying an enterprise value of $235 million, according to an August 30 company media release.
Incorporated in 2009, Astro is a leading global offshore support vessel OSV operator in the Middle East, India, Far East Asia and Africa.
The Singapore firm owns a fleet of 26 OSVs including anchor handling tugs AHTs, flat top barges, multipurpose support vessels MPSVs and workboats and provides vessel management and complementary services. During the year ending...
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