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Adani Ports buys Australian terminal, boosting global earnings to 10% and expanding internationally.
Adani Ports has acquired the North Queensland Export Terminal in Australia, a move deemed "credit neutral" by Fitch Ratings but seen as a positive step for global expansion.
The acquisition will boost the company's global earnings to 10% from 4% and provide stable cash flows from long-term contracts.
Despite slightly increasing coal in its cargo mix, Fitch expects non-coal segments to grow faster, maintaining financial stability.
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Adani Ports compra la terminal australiana, impulsando las ganancias globales al 10% y expandiéndose internacionalmente.