KKR to acquire Cisternina Logistics, plans to build pan-India liquid storage and logistics platform
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓KKR announced a majority investment in Cisternina Logistics on Tuesday to build a pan-India liquid storage platform.
- ✓This deal supports Cisternina’s acquisition of Ganesh Benzoplast Limited’s terminal business.
- ✓Ravi Thanvi said, “We see an opportunity to apply this platform-building approach to India’s liquid and gas logistics sector.” Expansion plans follow.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Synopsis
KKR has announced a majority investment in Cisternina Logistics, which focuses on bulk liquid and gas storage. This investment will facilitate Cisternina's acquisition of Ganesh Benzoplast Limited's liquid storage terminal business. Additionally, the partnership aims to expand infrastructure across India, capitalising on long-term growth potential in the sector.
MUMBAI: The global private equity firm KKR will make a majority investment in Cisternina Logistics Private Limited, a bulk liquid and gas storage and logistics business in India, the fund announced on Tuesday.
The investment will support Cisternina’s proposed acquisition of the liquid storage terminal and rail business of Ganesh Benzoplast Limited (GBL), which will serve as the platform’s anchor asset, as well as its expansion through further acquisitions and the development of new storage infrastructure across India, it said.
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The Economic Times
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