BlackRock (BLK) and Santander (SAN) announced the signing of a memorandum of understanding, or MoU, by which funds and accounts managed by BlackRock will invest up to $1B per year in select project finance, energy finance, and infrastructure debt investment opportunities with Santander through structured transaction formats. The agreement follows an initial transaction whereby funds and accounts managed by BlackRock agreed to provide financing on a $600M diversified portfolio of infrastructure credit from Santander.
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