BlackRock acquires infrastructure manager Global Infrastructure Partners

Chairman and CEO at BlackRock Laurence D. Fink speaks at the Bloomberg Global Business Forum at the Plaza Hotel in New York City on September 20, 2017. The Bloomberg Global Business Forum is hosted during UN General Assembly week in New York. Photo by John Angelillo/UPI | License Photo Jan. 12 (UPI) — Global asset manager BlackRock, Inc. announced Friday that will purchase Global Infrastructure Partners, the world’s largest infrastructure manager in a cash and stock deal. The companies issued a joint statement saying BlackRock will acquire 100% of GIP’s assets and business for $3 billion cash and roughly 12 million shares of Blackrock common stock. The companies said the transaction

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