Deals
Blackstone Plans Investing in Allcargo’s Unit
- Blackstone said to seek 51% of logistics venture with Allcargo
- PE firm’s fund said to plan investing $209 million in venture
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Blackstone Group Inc. is in talks to invest 15 billion rupees ($209 million) in a venture with Allcargo Logistics Ltd. to build warehouses in India, people with knowledge of the matter said.
A real estate unit of the U.S. private equity firm is considering owning 51% of the venture, the people said, asking not to be identified as the discussions are private. Talks are still continuing and the contours of the deal may change, they said. Allcargo is talking with other investors as well, one of the people said.