Comment / New kid on the dock: BlackRock joins MSC's gang

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Global investment fund leader BlackRock is now effectively backing the world’s largest shipping line – a mostly overlooked facet of its deal to take over Global Infrastructure Partners (GIP) in a whopping $12.5bn transaction announced last Friday.

Imagine that – MSC is on the verge of being given a golden card to the world’s largest cashpoint [ATM].

Most directly

BlackRock will own a minority stake in MSC’s port arm Terminal Investment Ltd (TIL), and this could be a big deal because via MSC’s partnership ...