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 in…
Source: swfinstitute.org