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BlackRock to Buy Global Infrastructure Partners for $12.5 Billion to Boost Alts Business

BlackRock, Inc. (NYSE: BLK) agreed to acquire Global Infrastructure Partners (GIP), a major infrastructure fund manager. The transaction is being broken down into a total consideration of US$ 3 billion of cash and approximately 12 million shares of BlackRock common stock. BlackRock is aiming to boost its business in real assets, especially infrastructure. Founded inโ€ฆ
New South Wales South Australia Bayo Ogunlesi Global Infrastructure Partners To Lexington Inc Pacific National Blackrock Inc

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blackrock news: BlackRock strikes $12.5 billion deal for Global Infrastructure Partners

The deal, which includes $3 billion in cash and 12 million BlackRock shares, will put the asset management giant at the heart of investing in ports, power, and digital infrastructure projects around the globe. Once the deal closes, the firm will hold approximately $150 billion in infrastructure assets across a portfolio that ranges from the U.S. liquefied natural gas export market to wastewater services in France to airports in England and Australia.
South Australia United States Asia Pacific Edward Jones David Solomon Stephen Cohen

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