BlackRock to acquire Adebayo Ogunlesi’s Global Infrastructure Partners for $12.5 billion ...Middle East

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BlackRock to acquire Adebayo Ogunlesi’s Global Infrastructure Partners for $12.5 billion
BlackRock Inc. is set to acquire Global Infrastructure Partners, owned by Nigerian investment banker Adebayo Ogunlesi, for over $12.5 billion in cash and stock, Financial Times reported on Friday. According to the international business newspaper, BlackRock’s acquisition of GIP, with assets worth $106 billion under management, would make it the world’s second-largest infrastructure manager after Macquarie and bolster the leadership of its alternative business. The deal will also substantially boost the $10 trillion money manager’s footprint in alternative assets and shake up the landscape for private market investing.

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