Adani Ports and Special Economic Zone Limited’s (APSEZ) acquisition of the North Queensland Export Terminal (NQXT) will support its international growth strategy, says Fitch Ratings.
The global rating agency has called the acquisition “credit neutral” but said it is a positive step for the company’s long-term global expansion.
Fitch Ratings has characterized Adani Ports and Special Economic Zone Limited’s (APSEZ, BBB-/Negative) acquisition of the North Queensland Export Terminal (NQXT) as credit neutral, while highlighting its positive strategic implications.
APSEZ announced the acquisition on April 17, 2025. The company will issue new equity shares to the current shareholders of NQXT as part of the deal. These shareholders also belong to the same promoter group as Adani Ports.
The deal is still awaiting approval from shareholders and regulators.