Gateway Distriparks (GDL) has completed its acquisition of the entire stake held by the private equity, Blackstone, in its subsidiary – Gateway Rail Freight (GatewayRail) on March 29, 2019 for a total consideration of Rs 850 crore.
The company has also acquired shares from the management of GatewayRail and with this GDL shareholding in GatewayRail, on a fully diluted basis, is now 99.93%. Blackstone, GDL and GatewayRail have mutually agreed to terminate the arbitration proceedings initiated in December 2018. This buy out completes Blackstone’s exit from its investment in GatewayRail.
Gateway Distriparks is engaged in the business of warehousing, container freight stations, providing handling and clearance of sea borne export-import trade in containerized form.
