Globalist Bank Expands Their Power Over The World

BlackRock, Inc., a prominent global asset manager, revealed its plans on Friday to acquire Global Infrastructure Partners (GIP), the world’s top infrastructure manager, in a noteworthy deal involving both cash and stock. The agreement, as stated in a joint release, involves BlackRock acquiring all of GIP’s assets and operations for $3 billion in cash along with roughly 12 million shares of BlackRock.

This significant transaction is set to establish a dominant infrastructure investment platform, boasting a combined client asset management portfolio exceeding $150 billion, spread across various categories including equity, debt, and solutions. Notably, about 30 percent of the cash component and the 12 million BlackRock shares will be withheld for roughly five years.

The completion of this deal is anticipated for the third quarter of 2024. To facilitate this acquisition, BlackRock will incur an additional debt of $3 billion.

Currently, BlackRock independently manages over $50 billion in infrastructure client assets. Post-acquisition, GIP’s management team is slated to helm the integrated infrastructure management division.

Laurence D. Fink, CEO and Chairman of BlackRock, expressed enthusiasm about the future of infrastructure investment, citing the sector’s growth potential amid significant economic transformations. Fink highlighted the anticipated expansion in both physical and digital infrastructure, driven by governmental focus on self-reliance, energy autonomy, and the reshoring of critical industries. He also pointed to the emerging trend of governments implementing substantial financial incentives for new infrastructure projects and technologies.

This trend is evident in the United States with Biden’s Infrastructure Investment and Jobs Act, which allocates $1 trillion for national infrastructure projects over a decade.

GIP’s CEO and founding partner, Bayo Ogunlesi, noted the shared values between BlackRock and GIP, including a commitment to client-focused collaboration and investment excellence. He emphasized that the amalgamated entity would offer comprehensive infrastructure management solutions catering to both global corporations and the public sector.

In a related development, BlackRock announced a collaboration with New Zealand’s government in August 2023, using a $1.2 billion renewable electricity fund to contribute to the creation of an emissions-free power grid in New Zealand.