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Home > All news > Report & Analysis, Shipping > APSEZ acquires 80% stake in global OSV operator Astro Offshore for USD 185 Mn
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APSEZ acquires 80% stake in global OSV operator Astro Offshore for USD 185 Mn

September 2, 2024
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Adani port APSEZ

Mumbai - APSEZ has entered into a definitive agreement to acquire 80% stake in Astro Offshore group (“Astro”) in an all-cash deal for USD 185 million, implying an EV of USD 235 million and EV / FY25E EBITDA of 4.4x

The existing promoters of Astro will hold the remaining 20% stake

Astro owns a diverse, modern fleet of 26 Offshore Support Vessels (OSVs) and has an impressive roster of Tier-1 customers in the EPC, oil & gas and renewables industry

Acquisition is part of APSEZ’s roadmap to . . .

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Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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