BlackRock agrees to buy Global Infrastructure Partners for $12.5 billion.

BlackRock, the world's largest asset manager, has agreed to buy Global Infrastructure Partners (GIP) for $12.5 billion, its biggest takeover since 2009 when it bought Barclays Global Investors for $13.5 billion. GIP manages more than $100 billion in assets, and the deal is aimed at expanding BlackRock's presence in the rapidly growing market for private and alternative assets.

January 12, 2024
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