Adani explores €3 billion VTTI energy deal
Adani Group is exploring a potential €3 billion acquisition of Dutch energy-storage company VTTI, which would expand its global energy infrastructure footprint. OI Charts data showed the tracked stock down 14.5% over 20 sessions with futures long unwinding.
pre-market3 sources ↓machine-written, see hownot a recommendation
- ADANIENT close
- ₹2,480
- On the day
- -0.41%
- Futures OI, long unwinding
- -0.3%
- Put-call ratio
- 0.80
- Max pain
- ₹2,550
Adani Group is exploring a potential acquisition of Dutch energy-storage company VTTI at a valuation of about €3 billion, or approximately $3.4 billion, according to people familiar with the matter. The Rotterdam-based company operates facilities used to store and move fuels and chemicals, making the assets more valuable for energy trading as supply disruptions increase demand for flexible storage. The discussions remain exploratory, and no transaction has been agreed or announced. ⚡
VTTI is owned by Australian infrastructure manager IFM Investors and energy and commodities group Vitol, each with about 45%, while Abu Dhabi National Oil Co. holds the remaining 10%. The sellers are considering stake reductions, and the Abu Dhabi company may seek to exit completely. Other bidders are also evaluating the asset, so the ownership structure and final consideration could change if a formal process advances. The potential purchase would broaden Adani Group’s energy footprint from ports, power and transport infrastructure into international fuel and chemical terminals.
OI Charts data for the tracked group-linked stock showed a close of ₹2,480 on 28 Oct 2026, down 0.4% on the day, with volume at 1,863,288 shares. The stock had declined 7.9% over five sessions and 14.5% over 20 sessions, remaining between a 52-week low of ₹1,753 recorded on 30 Mar 2026 and a high of ₹3,245 on 6 Jul 2026. Futures open interest fell 0.3% to 17,503,614 shares, indicating long unwinding, while the futures premium stood at 0.51%. 📉
The derivatives setup points to a near-term reference zone around ₹2,500: both the largest call and put open interest were concentrated there, while max pain stood at ₹2,550 for the 23 Nov 2026 expiry. The put-call ratio was 0.8. Traders will watch for a formal bid, seller disclosures or a signed transaction, alongside whether the stock can reclaim the ₹2,500 open-interest wall. Until then, the reported valuation is a potential deal marker rather than committed acquisition value. 🏗️
Source: BusinessLine, 28 Oct 2026
Not investment advice. For informational purposes only.