BlackRock looks set to seal the acquisition of Barclays Global Investors and become the world’s biggest money manager by Wednesday. The US group plans to pay Barclays $12bn-$13bn for BGI – half in cash and half in shares – to create a group with more than $3,000bn in assets under management, half as much again as nearest rivals such as State Street, Allianz and Fidelity. Lex, however, notes that key challenges loom for BlackRock.

This entry was posted by Gwen Robinson on Tuesday, June 9th, 2009 at 4:38 and is filed under Capital markets, M&A, Private equity. Tagged with bgi, blackrock. Edit this entry.