APSEZ to acquire 80% stake in Astro Offshore for $185m.

Adani Ports and Special Economic Zone, a port operator and logistics company, agreed to acquire 80% stake in Astro Offshore, an OSV operator, for $185m. “Over the past 15 years, we have created an impressive company trajectory, driven by strategic investments in our OSV fleet and deep relationships with our customers. This partnership with APSEZ represents a critical inflection point for us. Together, we can accelerate growth to add further scale and diversity to our fleet mix, expand our geographical footprint and deliver more end-to-end solutions to our customers,” Mark Humphreys, Astro Offshore Managing Director.