Adani to Buy Abbot Point Coal Port, Reuters Says

(Corrects spelling of Adani Enterprises in first paragraph.)

Adani Enterprises Ltd. (ADE) agreed to pay about A$1.85 billion for Australia’s Abbot Point coal export terminal, Reuters said, citing three unidentified people familiar with the sale.

The state government of Queensland is selling the terminal as part of A$15 billion asset sale program.

To contact the reporter on this story: Andrew Hobbs in Sydney at ahobbs4@bloomberg.net

To contact the editor responsible for this story: Keith Gosman at kgosman@bloomberg.net

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