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BlackRock buys infrastructure investor Global Infrastructure Partners for $12 billion - TL;DR CNBC

BlackRock buys infrastructure investor Global Infrastructure Partners for $12 billion

Publishing timestamp: 2024-01-12 09:47:46


Summary

BlackRock, the world's largest asset manager, is acquiring Global Infrastructure Partners for $12 billion in cash and stock. This acquisition is part of BlackRock's increased focus on infrastructure investments. As part of the deal, GIP's management team will lead BlackRock's infrastructure private markets investment platform. BlackRock is also integrating its ETF and Index businesses across the entire firm and creating a new International Business structure.


Sentiment: NEUTRAL

Tickers: BLK

Keywords: breaking news: businessbreaking news: marketsmarketsbusiness newsblackrock inc

Source: https://www.cnbc.com/2024/01/12/blackrock-buys-infrastructure-investor-global-infrastructure-partners-for-12-billion.html


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