BlackRock (BLK) has been removed from a blacklist of companies banned from receiving investment funds from Texas, The Financial Times’ Eric Platt reports. The decision by state comptroller Glenn Hegar will allow Texas pension and investment funds with about $300B in assets to buy BlackRock shares and invest in its funds, according to the report. BlackRock says it appreciates the comptroller’s “resolution of this matter” and that the more than $400B its clients had invested in the state “support the continued growth of the Texas economy.”
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