BlackRock Real Assets makes maiden Korean offshore wind investment

Wind turbine. Photo: Pixabay

BlackRock Real Assets, the realty investment arm of global asset manager BlackRock, has acquired a 100% stake in Korea Renewable Energy Development & Operation Holdings Co Ltd (KREDO Holdings), previously known as IGIS Private Equity.

The firm plans to spend more than $1 billion of equity over time to build out KREDO Holdings’ portfolio of assets, it said in a statement. The financial terms of the deal were not disclosed. 

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