FERC Approves BlackRocks Acquisition of Global Infrastructure Partners

The U.S. Federal Energy Regulatory Commission approved BlackRock`s acquisition of Global Infrastructure Partners for $12.5 billion. The deal involves a $3 billion cash payment and approximately 12 million BlackRock shares. This approval comes after a U.S. energy regulator suggested increased scrutiny of large asset managers purchasing utilities. Global Infrastructure Partners focuses on investing in and managing assets within various infrastructure sectors, including energy and transport.