Agreement announced for BlackRock to acquire Global Infrastructure Partners

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BlackRock, Inc. and Global Infrastructure Partners (GIP) have jointly announced that they have agreed for BlackRock to acquire GIP for a total consideration of US$3 billion of cash and approximately 12 million shares of BlackRock's common stock.

BlackRock possesses an extensive global network of corporate relationships, serving as a committed, long-term investor in both debt and equity. These connections position them to spearhead crucial investments in infrastructure, fostering positive outcomes for communities worldwide and generating enduring investment advantages for their clients. The collaboration between GIP and BlackRock, with their synergistic infrastructure offerings, establishes a comprehensive global infrastructure franchise characterized by distinct origination and asset management capabilities. The integration of GIP's proprietary origination and business improvement capabilities with BlackRock's established global corporate and sovereign relationships forms a robust platform for diversified, large-scale sourcing, supporting deal flow, and creating co-investment opportunities for clients.

Founded in 2006, GIP, an independent infrastructure investor, manages over US$100 billion in client assets, spanning infrastructure equity and debt. GIP focuses on sectors such as energy, transport, water and waste, and digital. BlackRock's infrastructure client assets under management (AUM) exceed US$50 billion, encompassing infrastructure equity, debt, and solutions. Within BlackRock, top-tier investment talent leads various franchises, including Diversified Infrastructure, Infra Debt, Infra Solutions, Climate Infrastructure, and Decarbonization Partners.

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