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Cryptopolitan 2024-01-13 15:22:21

Major merger alert: BlackRock takes over Global Infrastructure Partners (GIP) in a multi-billion deal

BlackRock, Inc., the world-renowned investment management corporation, has announced the acquisition of Global Infrastructure Partners (GIP), an independent infrastructure fund manager. This acquisition, valued at $3 billion in cash and approximately 12 million shares of BlackRock stock, marks a strategic expansion for BlackRock into the rapidly growing infrastructure investment sector. GIP, with over $100 billion

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