Adani Ports and Special Economic Zone Ltd (APSEZL) has expanded its international maritime reach by acquiring a 51% stake in Argentina-based Meridian Transportes Marítimos S.A. The deal, valued at USD 444.49, aims to establish a joint venture for nautical services, leveraging existing contracts with Southern Energy S.A. This move is a strategic step to scale the company’s maritime operations within the South American market.
Strategic Acquisition in South America
On May 15, 2026, The Adani Harbour International FZCO, a step-down subsidiary of Adani Ports, signed a definitive agreement to acquire a controlling 51% stake in the Argentine company Meridian Transportes Marítimos S.A. The acquisition involves 510,000 Class A ordinary shares and is expected to be finalized within a period of four months.
Focus on Nautical Services
The acquisition serves as a key pillar in the company’s strategy to strengthen its maritime presence in South America. By forming this joint venture, the entity will provide specialized nautical services. A significant part of the deal involves leveraging an existing 10-year contract that Meridian Transportes Marítimos S.A. holds with Southern Energy S.A. (SESA) for the supply of six vessels, which was executed in late December 2025.
Financial and Operational Overview
Meridian Transportes Marítimos S.A., incorporated in September 2023, has shown growth in its operational footprint. Following recent financial trends, the entity reported a net profit of approximately USD 1,499 for the most recent fiscal period, marking a turnaround from previous years. Additionally, the company has entered into a secondary arrangement to sell a 20% stake in a forthcoming UAE-based entity dedicated to vessel ownership, further optimizing its logistics and asset management structure.
Source: BSE
