BlackRock to acquire infra manager GIP for $12.5b

BlackRock to acquire infra manager GIP for $12.5b

FILE PHOTO: The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021. REUTERS/Carlo Allegri/File Photo

Wall Street giant BlackRock has agreed to buy Global Infrastructure Partners (GIP) for over $12.5 billion in cash and stock, in an industry-shaking move to scale up its presence in private alternative investments across digital infrastructure, energy transition, and transportation. 

Edited by: Joymitra Rai

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