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Under the deal, which was announced earlier this year, BlackRock
said it would pay $3 billion in cash and roughly 12 million
BlackRock shares to acquire the asset management giant.
BlackRock and Global Infrastructure Partners declined to
comment.
Last year, a member of the U.S. energy regulator called for
scrutiny of top asset managers' ownership of power utilities, as
the oversight body began a review.
Commissioner Mark Christie said the commission had to "apply
strict scrutiny when a huge asset manager like Vanguard or State
Street or BlackRock is buying a big chunk of either the
(utility) company itself or its holding company."
Global Infrastructure Partners is an infrastructure investor
that specializes in investing, owning and operating assets in
the energy, transport, digital infrastructure, and water and
waste management sectors.
(Reporting by Shivani Tanna in Bengaluru and Ross Kerber in
Boston; Editing by Rosalba O'Brien)
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