How BlackRock's deal for GIP could complement, challenge the Belt and Road: analysis

The combination of the US giants will create a global infrastructure powerhouse with over $150 billion in assets and a strong presence in Apac, and could help reduce project costs.

Troov Troov
Jan 23, 2024 - 21:01
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How BlackRock's deal for GIP could complement, challenge the Belt and Road: analysis

The combination of the US giants will create a global infrastructure powerhouse with over $150 billion in assets and a strong presence in Apac, and could help reduce project costs.

January 23, 2024

The infrastructure giant that will result from BlackRock’s $12.5 billion acquisition of Global Infrastructure Partners GIP, assuming the deal is apporoved, could be a competitor of China’s Belt and Road Initiative BRI, but also partner the construction initiative, according to several senior market sources. 

BlackRock, which is listed on the New York Stock Exchange NYSE, and GIP announced on January 12 that they entered into an agreement whereby BlackRock would acquire GIP for $3 billion in cash plus 12 million BlackRock shares. Both are US companies. BlackRock is the world’s biggest asset manager, managing $9.4 trillion of assets as of the...

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