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 be named as the terms were not public . . .
