October 30, 2026: India's Adani Group is among the suitors for Dutch energy storage company VTTI, as the South Asian nation's businesses aggressively pursue overseas deals linked to energy and manufacturing, Bloomberg reported.

VTTI's massive terminal capacity acts as a vital buffer in times of supply disruptions and volatile commodity markets. A deal could value the Rotterdam-based VTTI at around $3.4 billion, the report said.

Adani Group, which is backed by billionaire Gautam Adani, has interests spanning ports to power generation, airports, data centers, and mining assets.

Australian infrastructure player IFM Investors Pty and energy and commodities trader Vitol SA have a 45% stake each in VTTI, with Abu Dhabi National Oil Company (ADNOC) holding the rest.

ADNOC is reportedly open to shedding its entire stake in VTTI, which runs facilities that store and distribute crude oil and liquefied petroleum gas and biofuels, apart from linking these to transportation infrastructure - trucks, ships and pipelines.

None of the businesses involved have publicly commented on the report.

With a net worth of $105.7 billion, Gautam Adani is India's richest person, according to the Bloomberg Billionaires Index.

(Source: Big news network)