BlackRock Acquires Global Infrastructure Partners for $12.5B

BlackRock Announces $12.5 Billion Acquisition of Global Infrastructure Partners

BlackRock Inc., the world’s largest asset manager, has revealed its plans to acquire Global Infrastructure Partners (GIP), a renowned independent infrastructure investor. This significant deal, valued at $12.5 billion, is expected to be completed in the third quarter of 2024, pending regulatory approvals. The acquisition aims to expand BlackRock’s infrastructure assets under management (AUM) to a staggering $150 billion, with a specific focus on sectors crucial to the energy transition and the digital economy.