Blackstone nears deal to buy stake in Allcargo’s unit

(Bloomberg) — Blackstone Group Inc. has agreed to buy a stake in the warehousing unit of India’s Allcargo Logistics Ltd. for 3.8 billion rupees ($54 million) as the U.S. firm seeks to capture the demand in the world’s fastest growing e-commerce market. Allcargo’s board approved the investment on Monday, it said in an exchange filing, confirming […]