BlackRock Infrastructure Investment Strategy
Compelling value for BlackRock shareholders (cont'd)
Governance
Bayo Ogunlesi, GIP founder, Chairman & CEO, to join BlackRock Board of Directors following
closing of transaction¹
Each GIP owner-seller will execute a shareholders' agreement requiring that shares be voted in line
with recommendation of BlackRock's Board of Directors
Financial
impact
Timing
.
Modestly accretive to as-adjusted EPS in first full year post-close²
•
Modestly accretive to as-adjusted operating margin in first full year post-close²
•
Accretive to long-term organic asset and base fee growth²
.
Estimated 15% IRR, well in excess of cost of capital³
Expected to close in the third quarter of 2024, subject to customary regulatory approvals and other
closing conditions
Note: For footnoted information, refer to slide 12.
BlackRock.
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