Blackstone to acquire a majority stake in Allcargo Logistics's Warehousing and Logistics Parks division for $54m.

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.