Diamond Member Pelican Press 0 Posted September 7, 2024 Diamond Member Share Posted September 7, 2024 This is the hidden content, please Sign In or Sign Up US regulator approves BlackRock’s $12.5 billion deal for Global Infrastructure Partners (Reuters) – The U.S. Federal Energy Regulatory Commission on Friday approved BlackRock’s $12.5 billion deal for Global Infrastructure Partners. Under the deal, which was announced earlier this year, BlackRock said it would pay $3 billion in cash and roughly 12 million BlackRock shares to acquire the asset management giant. BlackRock and Global Infrastructure Partners declined to comment. Last year, a member of the U.S. energy regulator called for scrutiny of top asset managers’ ownership of power utilities, as the oversight body began a review. Commissioner Mark Christie said the commission had to “apply strict scrutiny when a huge asset manager like Vanguard or State Street or BlackRock is buying a big chunk of either the (utility) company itself or its holding company.” Global Infrastructure Partners is an infrastructure investor that specializes in investing, owning and operating assets in the energy, transport, digital infrastructure, and water and waste management sectors. (Reporting by Shivani Tanna in Bengaluru and Ross Kerber in Boston; Editing by Rosalba O’Brien) This is the hidden content, please Sign In or Sign Up #regulator #approves #BlackRocks #billion #deal #Global #Infrastructure #Partners This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up For verified travel tips and real support, visit: https://hopzone.eu/ 0 Quote Link to comment https://hopzone.eu/forums/topic/120301-us-regulator-approves-blackrock%E2%80%99s-125-billion-deal-for-global-infrastructure-partners/ Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.