BlackRock-backed GIP to acquire a 49% stake in WAIO inland power network of BHP for $2bn.

BlackRock-backed GIP, an infrastructure investment fund, agreed to acquire a 49% stake in WAIO inland power network of BHP, a mining company, for $2bn. “We are pleased to partner with GIP on this arrangement that enables BHP to access capital and maintain operational and strategic control of a critical part of WAIO’s infrastructure," Mike Henry, BHP Chief Executive Officer.