HomeFinance NewsFinanceBlackRock's Mega-Deal: Infrastructure Empire Expands with $12 Billion Purchase

BlackRock’s Mega-Deal: Infrastructure Empire Expands with $12 Billion Purchase


BlackRock buys infrastructure investor Global Infrastructure Partners for $12 billion


BlackRock, the world’s largest asset manager, is purchasing Global Infrastructure Partners (GIP) for approximately $12 billion in cash and shares.

This acquisition is part of BlackRock’s strategy to focus more on infrastructure, seen as a promising long-term investment opportunity.

The management team of GIP will lead a combined infrastructure Private Markets investment platform at BlackRock.

The deal is expected to close in Q3 2023.

BlackRock is also integrating its ETF and Index businesses, creating a Strategic Global Product Solutions business positioned as a comprehensive provider of infrastructure solutions for corporations and the public sector.

The firm is establishing an International Business structure, unifying its leadership across various regions.

This move is part of several announcements, including Wall Street’s favorite stocks for 2024, investment tips from Warren Buffett, and stock recommendations from investment firms.

  • Overall sentiment: positive
  • Positive

    “BlackRock also announcing it will embed its ETF and Index businesses across the entire firm with the creation of a new strategic Global Product Solutions business.”

    “There’s one stock Wall Street loves so much for 2024 that five analysts in one day picked it as their favorite.”


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