BlackRock acquires Global Infrastructure Partners for $12.5 billion By Investing.com ...Middle East

© Reuters. NEW YORK – BlackRock Inc (NYSE:)., the world’s largest asset manager, has completed a significant acquisition of Global Infrastructure Partners (GIP) for $12.5 billion, a combination of cash and stock. The transaction includes $3 billion in cash and additional shares. This major move positions BlackRock as the second-largest infrastructure asset manager globally and marks a substantial expansion of its alternatives business. The acquisition brings under BlackRock’s umbrella key assets, including energy holdings and the prominent Gatwick Airport. The deal is anticipated to conclude by the third quarter of 2024, subject to the green light from regulatory bodies. Upon the succe

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BlackRock acquires Global Infrastructure Partners for $12.5 billion By Investing.com ...Middle East

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