BlackRock Makes Infrastructure Push With $12.5 Billion Purchase of GIP

KEY TAKEAWAYSBlackRock is buying Global Infrastructure Partners for approximately $12.5 billion.The acquisition will help BlackRock expands its focus on infrastructure, and is expected to close in the third quarter of 2024.The deal was announced as BlackRock released fourth-quarter results that beat forecasts and saw the firm's assets cross the $10 trillion mark.BlackRock (BLK) is buying Global Infrastructure Partners for $12.5 billion, as the world's largest asset manager expands its focus on infrastructur ...