BlackRock buys infrastructure investor Global Infrastructure Partners for $12 billion

Larry Fink, chief executive officer of BlackRock Inc., gestures while speaking at the Handelsblatt Banking Summit in Frankfurt, Germany, on Wednesday, Sept. 4, 2019.BlackRock, the world's biggest asset manager, announced Friday it is buying Global Infrastructure Partners for about $12 billion in cash and stock.The acquisition is part of the firm's increased focus on infrastructure, which CEO Larry Fink said is "one of the most exciting long-term investment opportunities." As part of the deal, GIP's manageme ...