BlackRock Acquires Global Infrastructure Partners in $12.5 Billion Deal

The acquisition marks a major expansion into infrastructure investment for the world's largest asset manager.

BlackRock, the world's largest asset manager, has agreed to acquire Global Infrastructure Partners (GIP) for $12.5 billion, marking a significant expansion into infrastructure investment.
The deal, which includes $3 billion in cash and 12 million BlackRock shares, will make BlackRock one of the largest players in the infrastructure investment sector.
GIP, which manages over $100 billion in assets, has a portfolio that includes energy, transport, water and waste, and digital sectors.
BlackRock CEO Larry Fink stated that infrastructure is one of the most exciting long-term investment opportunities, as a number of structural shifts reshape the global economy.
The deal is expected to close in the third quarter of 2024.