BlackRock (BLK) and Santander (SAN) announced the signing of a memorandum of understanding, or MoU, by which funds and accounts managed by BlackRock will invest up to $1B per year in select project finance, energy finance, and infrastructure debt investment opportunities with Santander through structured transaction formats. The agreement follows an initial transaction whereby funds and accounts managed by BlackRock agreed to provide financing on a $600M diversified portfolio of infrastructure credit from Santander.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLK:
- Rezolve AI applauds Microsoft, BlackRock investment in AI infrastructure
- Eyes on Fed ahead of expected interest rate cut: Morning Buzz
- BlackRock AI fund strategic accretion ‘significant,’ says Morgan Stanley
- Microsoft and Blackrock to Launch $100B AI Infrastructure Fund
- Closing Bell Movers: Intuitive Machines up over 40% on NASA contract