Adani to sell Oz terminal to his port co for $2 billion

Gautam Adani plans to transfer ownership of an Australian port terminal to Adani Ports for $2 billion through a preferential share issuance. Carmichael Rail and Port Singapore Holdings will acquire a 6.2% stake, increasing the promoter shareholding in Adani Ports to 68%. The North Queensland Export Terminal, with a 50 million tonne capacity, offers potential for future green hydrogen exports.