Mumbai, April 18 -- Ahmedabad-headquartered Adani Ports and Special Economic Zone Ltd (APSEZ) said Thursday that it will buy a port terminal in Australia's Queensland from a promoter company in a non-cash deal that values the 50-million-tonnes-per-annum (MTPA) capacity asset at an enterprise value of A$3,975 million (approximately Rs.21,640 crore or $2.5 billion).

The Adanis' flagship port company will issue 143.8 million equity shares to Carmichael Rail and Port Singapore Holdings Pte Ltd, Singapore (CRPSHPL). CRPSHPL is a promoter-owned entity that ultimately owns the North Queensland Export Terminal (NQXT). The transaction will see promoter shareholding in APSEZ go up by 2.13 percentage points to 68.02%.

APSEZ had first purchased the...