BlackRock’s Big Bet on GIP Puts Fink’s Firm in Local Spotlight
- Asset manager now among world’s largest infrastructure players
- BlackRock faced local pushback in Minnesota and Malaysia
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In the port city of Duluth, Minnesota, local activists and Washington-based groups are coalescing to scrutinize — and possibly stall — a $6.2 billion acquisition of a power utility led by Global Infrastructure Partners.
More than 8,000 miles away, GIP’s role in a multibillion-dollar deal to privatize Malaysia Airports Holdings Bhd., the country’s biggest airport operator, also sparked fierce opposition.