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Global Infrastructure Partners Enters Agreement to Acquire Co-Control Stake of 49.99% in Eni CCUS Holding

1. BlackRock's GIP acquires 49.99% of Eni CCUS in a strategic move. 2. The investment expands BlackRock's footprint in carbon capture technology.

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$1136.1208/18 09:59 PM EDTLatest Updated
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FAQ

Why Bullish?

This acquisition positions BLK as a leader in the growing CCUS market, potentially increasing future revenue streams. Historically, similar strategic investments have positively impacted stock performance, as seen with renewable energy firms.

How important is it?

The strategic acquisition significantly enhances BlackRock's portfolio within the crucial carbon capture sector, aligning with global sustainability trends. This reinforces investor confidence in BLK's long-term strategy, often leading to favorable price adjustments in such cases.

Why Long Term?

The investment is likely to pay off over a longer term as the CCUS sector grows, reflecting BLK's commitment to sustainable solutions, which aligns with emerging market demands and regulatory trends.

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ENINEEDTE
NEW YORK--(BUSINESS WIRE)--Global Infrastructure Partners (“GIP”), a part of BlackRock and one of the world's leading infrastructure investors, announced today that it has entered into a definitive agreement to acquire a 49.99% interest in Eni CCUS Holding (“Eni CCUS”), a leading global platform in the carbon capture, utilization, and storage (“CCUS”) sector. Eni CCUS currently encompasses the Liverpool Bay and Bacton projects in the UK, the L10 project in the Netherlands and has the option to.

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