Blackstone Inc. (BX), a leading asset management firm, announced on Tuesday that its credit division, Blackstone Credit & Insurance (BXCI), will acquire stakes in a $1 billion portfolio of high-quality infrastructure loans from Banco Santander S.A., a prominent Spanish financial services group. This portfolio comprises loans supporting assets in sectors such as digital infrastructure, renewable energy, energy efficiency, and transportation, located in Western Europe and the United States.
Robert Horn, the Global Head of Infrastructure & Asset-Based Credit at BXCI, commented, "This transaction aligns with our strategy of collaborating with top-tier financial institutions to provide large-scale, sustainable solutions that align with their capital objectives."
On Monday, Blackstone Inc. shares concluded regular trading at $193.12, reflecting a 2.98% decrease. In pre-market activity, the shares showed a slight decline of 0.41% to $192.71.
