BlackRock buys investment fund Global Infrastructure Partners for $12.5 billion – Kommersant
[ad_1]
American investment fund BlackRock will pay $12.5 billion in cash and shares for the investment fund Global Infrastructure Partners (GIP). The world’s largest investment fund in terms of assets under management, BlackRock, has approved this transaction. reported today, January 12th. The acquisition creates what the company calls “the leading global infrastructure investment platform” in a $1 trillion market.
Global Infrastructure Partners, headquartered in New York, specializes in investing in infrastructure projects. GIP manages over $100 billion of client assets, invested primarily in securities in the fields of energy, transport, and water supply. The GIP portfolio includes investments in the assets of London Gatwick Airport, Edinburgh and Sydney airports, the ports of Melbourne and Brisbane, the SUEZ Group, etc.
Today, the BlackRock investment fund published results of the fourth quarter and the whole of 2023. Over the year, the company’s assets under management grew by $289 billion and now total $10 trillion. Revenue remained unchanged compared to 2022 – $17 billion, operating profit decreased by 2% to $6.6 billion, net profit increased by 6% to $5.7 billion.
[ad_2]
Source link
