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BlackRock To Buy Swiss Re Infrastructure-Investments Unit

BlackRock Inc. (BLK), the world’s largest asset manager, will buy Swiss Re Ltd. (SREN)’s Private Equity Partners AG for an undisclosed amount to extend its investments into infrastructure.

Swiss Re’s $7.5 billion European private equity and infrastructure fund of funds unit will be integrated with BlackRock’s existing business, the New York-based firm said today in an e-mailed statement. Those funds include a “significant” commitment from Swiss Re.”

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