CCI Approves Acquisition by BlackRock Funding, Inc

• 12 Jun 2024

The Competition Commission of India (CCI) has approved acquisition of Global Infrastructure Management, LLC by BlackRock Funding, Inc.

Key Points

• The proposed combination relates to the acquisition of 100% of the limited liability company interests in Global Infrastructure Management, LLC (GIM) by BlackRock Funding, Inc (BFI).
• BFI is a newly formed wholly owned subsidiary of BlackRock Inc. (BlackRock), with no independent activities.
• BlackRock is a U.S. publicly traded company active in the provision of global investment management, risk management and advisory services to institutional and retail clients around the world.
• BlackRock manages assets on behalf of institutional and individual investors worldwide.
• GIM is a global independent infrastructure fund manager, headquartered in New York City, United States.
• GIM and its affiliates manage certain investment funds operating under the trading name Global Infrastructure Partners (the "GIP Funds").