BlackRock(US:BLK) Ge Long Hui A P P·2025-11-14 07:52Core Viewpoint - BlackRock (BLK.US) has agreed to invest up to €2 billion (approximately $2.33 billion) to form a joint venture with Spanish engineering and construction group ACS to develop data centers [1] Group 1: Investment Details - BlackRock's global infrastructure fund will make an initial payment of approximately €1 billion, with the remaining amount to be paid based on performance targets [1] - Both parties will hold a 50% stake in the new company [1] Group 2: Asset Transfer and Market Position - ACS will transfer assets capable of developing 1.7 gigawatts of data center capacity to the joint venture [1] - ACS, led by billionaire Florentino Pérez, is increasingly focusing on data center construction as a high-profit growth area [1] Group 3: Financial Performance - ACS's annual financial report indicates a 138% surge in order volume for data center projects in 2024 [1]