Blackstone has sent arbitration notice: Gateway Distriparks

Mumbai: Port-based logistics company Gateway Distriparks Ltd on Tuesday informed the stock exchanges that private equity firm Blackstone Group LLC has sent it an arbitration notice following the company’s failure to buy back Blackstone’s stake in a subsidiary company. Gateway Distriparks is acquiring the entire equity and equity-linked instruments held by Blackstone in Gateway Rail Freight Ltd, which handles the rail operations of the parent.