A.P. Moller Capital eyes stake in rail logistics firm Pristine Logistics & Infraprojects

MUMBAI: Denmark-headquartered Infrastructure fund manager A.P. Møller Capital P/S and a part of the A.P. Moller Group is said to be among a few entities seeking to buy the stake held by private equity firm Global Infrastructure Partners in Pristine Logistics & Infraprojects Ltd, a rail focussed logistics firm founded by two former Indian Railways officers, multiple sources said.

Global Infrastructure Partners, which was acquired by asset management giant BlackRock for $12.5 billion in a global deal earlier this year, holds 57% stake in Pristine Logistics & Infraprojects. The private equity firm is looking to exit its investment in Pristine Logistics & Infraprojects on reaching the end of fund life.