BlackRock to take over Global Infrastructure Partners in $12.5bn deal

New York-based BlackRock has agreed to buy compatriot fund manager Global Infrastructure Partners (GIP) in a $12.5bn cash and shares deal. The deal will see the world’s largest asset manager take over GIP for $3bn in cash and around 12m Blackrock shares. GIP is the world’s largest independent infrastructure manager with over $100bn in assets …

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