Announced
Financials
Sources
Tags
Cross Border
Pending
Single Bidder
Third Party Logistics (3PL)
Private Equity
India
Private
Majority
warehousing
Friendly
Acquisition
Synopsis
Blackstone Group agreed to acquire a majority stake in Warehousing and Logistics Parks unit od Allcargo Logistics, an Indian a logistics firm, for $54m. Blackstone is expanding into logistics in India to tap the growing demand for warehouses as companies including Amazon and Walmart invest billions of dollars in the world’s fastest-growing e-commerce market.
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