BlackRock strikes $12.5bn deal for Global Infrastructure Partners ...Middle East

NEW YORK/LONDON: BlackRock said on Friday it would buy Global Infrastructure Partners (GIP) for $12.5 billion in a major bet on alternative assets and announced a shake-up of its top management. The deal – $3 billion in cash and 12 million BlackRock shares – will make the asset management giant one of the biggest players in alternative assets – with a combined $150 billion in assets – and private markets. BlackRock, which manages $10 trillion across all markets, has been on the hunt for what it hopes will be a transformative deal, with Chief Executive Larry Fink last year telling analysts that it was engaged in more deal talks than it had been in “many, many years.” The company has a trac

Hence then, the article about blackrock strikes 12 5bn deal for global infrastructure partners was published today ( Saturday 13/01/2024 - 04:17 AM ) and is available on Bloomberg News Today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( BlackRock strikes $12.5bn deal for Global Infrastructure Partners )

Also on site :

• Hot French startup ZML releases free product to speed inference across lots of AI chips
• ‘Elize: Shadows Of A Woman’ Trailer: Netflix Brazil Feature Based On Case Explored In ‘Elize Matsunaga: Once Upon a Crime’
• Netflix’s Mexican Drama ‘I’m Not Afraid’ Is a Gut-Wrenching Mystery and Exhilarating Coming-of-Age Tale: TV Review