Adani Group Reportedly Eyes €3 Billion Deal for Dutch Energy Storage Firm VTTI
What Happened
Adani Group is reportedly evaluating the acquisition of Rotterdam-based energy storage company VTTI, according to Bloomberg on October 28, 2026. Citing unnamed sources, the report estimated VTTI's potential valuation at €3 billion ($3.4 billion). VTTI is owned by IFM Investors and Vitol, each holding approximately 45%, and ADNOC with 10%. Discussions remain preliminary, with no confirmed transaction.
Key Takeaways
A potential acquisition would give Adani access to VTTI's international fuel and chemical storage operations. However, the reported valuation and acquisition interest remain unconfirmed by the companies, and no agreement has been announced.