The Spanish government on Tuesday approved BlackRock Inc’s (<a href="https://www.nyse.com/quote/XNYS:BLK" target="_blank">NYSE:BLK</a>) <a href="https://renewablesnow.com/news/blackrock-to-grow-energy-infrastructure-biz-with-usd-125bn-gip-buy-845620/" target="_blank">bid to acquire</a> Global Infrastructure Partners (GIP), paving the way for the US asset management giant to take GIP’s place as a significant shareholder of Naturgy Energy Group SA (<a href="https://www.bolsasymercados.es/bme-exchange/es/Mercados-y-Cotizaciones/Acciones/Mercado-Continuo/Ficha/Naturgy-Energy-Group-ES0116870314" target="_blank">BME:NTGY</a>).