KKR buys majority stake in Cisternina Logistics
AI Summary
KKR's acquisition of a majority stake in Cisternina Logistics signals a strategic move to capitalize on India's growing demand for liquid and gas storage solutions. This investment not only enhances KKR's portfolio in the logistics sector but also indicates a broader trend of private equity firms targeting infrastructure opportunities in India, particularly in sectors that support the country's energy transition. Retail investors should watch for potential growth in Cisternina and GBL, as this could lead to increased operational efficiencies and market expansion in the logistics space.
KKR is acquiring a majority stake in Cisternina Logistics Pvt. Ltd, a bulk liquid and gas storage and logistics business in India, as an anchor asset for a platform it plans to build through the proposed acquisition of Ganesh Benzoplast Ltd’s (GBL) liquid storage terminal and rail business.
The investment will support Cisternina’s proposed acquisition, as well as its expansion through further inorganic plans and the development of new storage infrastructure across India, the global private equity firm said in a statement on Tuesday. The financial details of the deal were not disclosed.
Original Article
Published on Livemint
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