BlackRock to buy Mexican fund tied to scandal-hit contractor

Ian Hayden Parker

Home » More News » BlackRock to buy Mexican fund tied to scandal-hit contractor

BlackRock (BLK.N), the world's largest asset manager, plans to buy a Mexican infrastructure investment fund that financed projects for a contractor at the center of a scandal which embroiled President Enrique Pena Nieto. The asset manager announced its deal to buy Infraestructura Institucional on Friday, but gave no details. It will pay around 1.1 billion pesos ($71 million) and keep the fund's key senior management, said a person familiar with the deal, who declined to...

The asset manager announced its deal to buy Infraestructura Institucional on Friday, but gave no details.

It will pay around 1.1 billion pesos ($71 million) and keep the fund's key senior management, said a person familiar with the deal, who declined to be named as the terms were not public . . .

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