Adani Eyes €3 Billion Deal for Dutch Energy Firm VTTI

Adani Group explores a potential €3 billion acquisition of Dutch energy storage operator VTTI, seeking to expand its overseas energy infrastructure presence as global supply disruptions increase demand for storage terminals.

The Adani Group is exploring a potential acquisition of Dutch energy storage company VTTI in a deal that could value the business at approximately €3 billion ($3.4 billion). The proposed transaction could expand the Indian conglomerate’s international energy infrastructure portfolio as global supply disruptions increase the strategic importance of fuel storage and energy trading facilities. The discussions are ongoing, and there is no certainty that a deal will be completed.

Rotterdam-based VTTI operates a global network of terminals used to store and handle fuels and chemicals, including fossil fuels, biofuels and industrial solvents. Its infrastructure supports energy producers, traders and consumers by providing storage capacity and access to international supply chains. Such facilities have become increasingly valuable amid disruptions in energy supplies and changes in global trading patterns.

Also Read: Smart Buildings and IAQ Trends Shaping the Workplaces of Tomorrow

VTTI is currently owned by Australian infrastructure manager IFM Investors and energy and commodities company Vitol, which each hold approximately 45% stakes. Abu Dhabi National Oil Company (ADNOC) owns the remaining 10%. According to people familiar with the discussions, ADNOC is considering selling its entire stake, while IFM Investors and Vitol may also consider reducing their holdings as part of a potential transaction. Other prospective buyers are also pursuing interests in the business.

For the Adani Group, an acquisition could provide an opportunity to expand beyond its existing infrastructure operations and establish a stronger presence in international energy storage and trading. The group has substantial interests across ports, airports, roads, power generation, data centres, mining and defence. Adding VTTI’s terminal network could complement its port and logistics businesses while broadening its exposure to global energy supply chains.

The potential transaction also fits into Adani’s wider strategy of pursuing overseas acquisitions to accelerate growth. In July 2026, Adani Enterprises raised ₹15,000 crore through institutional investors to support capital expenditure and potential debt repayment. The group has also explored acquiring a stake in Associated British Ports, the United Kingdom’s largest port operator. However, IFM Investors ultimately secured that transaction in a deal valuing the business at approximately £10 billion ($13.4 billion).

Also Read: Solar Manufacturing: Powering India's Vision of Viksit Bharat

VTTI’s global network could offer the Adani Group access to strategically located storage infrastructure serving multiple energy markets. Storage terminals can become particularly important during supply disruptions because they allow traders to hold inventories, manage delivery schedules and respond to changing market conditions.