BlackRock Buys BHP’s Pilbara Power Stake in Major $2B Energy Transaction
BlackRock has just agreed to buy nearly half of BHP’s inland power network in Western Australia’s Pilbara region. The deal is worth about US$2 billion. For many, that might just sound like another corporate transaction. But this sale, and what it represents, is much bigger. It reflects how the energy needs of heavy industry, global…