CCI Approves BlackRock's Acquisition of Global Infrastructure Management

The Competition Commission of India (CCI) has approved BlackRock Funding, Inc.'s acquisition of Global Infrastructure Management, LLC, marking a significant milestone in the global investment landscape.

According to a press release by the CCI, BlackRock Funding, Inc., a subsidiary of BlackRock Inc., will significantly expand its infrastructure management capabilities through this acquisition. This move highlights the increasing importance of infrastructure investments in global portfolios.

The approved deal involves BlackRock Funding, Inc. acquiring 100% of the limited liability company interests in Global Infrastructure Management, LLC (GIM), enhancing BlackRock's strategic influence in the global infrastructure sector.