The infrastructure giant that will result from BlackRock’s $12.5 billion acquisition of Global Infrastructure Partners GIP, assuming the deal is approved, could be a competitor of China’s Belt and Road Initiative BRI, but also partner the development strategy, according to several senior market sources.
BlackRock, which is listed on the New York Stock Exchange NYSE, and GIP announced on January 12 that they entered into an agreement whereby BlackRock would acquire GIP for $3 billion in cash plus 12 million BlackRock shares. Both are US companies. BlackRock is the world’s biggest asset manager, managing $9.4 trillion of assets as of the...
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