BlackRock announced it is acquiring Global Infrastructure Partners for approximately $12 billion in cash and stock. The deal is expected to close in the third quarter of 2024 and make BlackRock a preeminent infrastructure solutions provider through GIP's management team and firm relationships. BlackRock CEO Larry Fink called infrastructure "one of the most exciting long-term investment opportunities" as part of the firm's increased focus on the sector. GIP CEO Bayo Ogunlesi said the combined platform will mobilize long-term private capital for global corporates and the public sector.
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00:00 It's Benzinga and here's what's on the block. BlackRock announced its acquiring
00:04 global infrastructure partners for approximately $12 billion in cash in stock. The deal is expected
00:09 to close in the third quarter of 2024 and make BlackRock a preeminent infrastructure
00:12 solutions provider through GIP's management team and firm relationships. BlackRock CEO Larry Fink
00:18 called infrastructure one of the most exciting long-term investment opportunities as a part of
00:22 the firm's increased focus on the sector. GIP CEO Bio Nglusi said the combined platform will
00:27 mobilize long-term private capital for global corporates and the public sector. For all things
00:31 money visit Benzinga.com