BlackRock is paying $12.5bn to buy Global Infrastructure Partners, which holds significant stakes in some of Britain’s most important airports and ports.
The deal will include a stake in Gatwick, the UK’s second-biggest airport, and Edinburgh airport, as well as a stake in Peel Ports, which owns the Port of Liverpool.
Global Infrastructure was set up nearly two decades ago and manages $100bn of assets. Its acquisition is the biggest deal in more than a decade for the $10tn AUM BlackRock.
