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GDG and BlackRock Unite with $25M Stake to Revolutionize Retirement Income
2:58am on Monday 2nd of June, 2025 AEST
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Financial Services
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GDG and BlackRock Unite with $25M Stake to Revolutionize Retirement Income
2:58am on Monday 2nd of June, 2025 AEST
Key Points
BlackRock to acquire $25 million minority stake in GDG at $4.15 per share
Alliance aims to co-design tailored retirement income and longevity protection products
Five-year lock-up on shares and dedicated steering committee established
Partnership leverages GDG’s Australian market leadership and BlackRock’s global technology
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Generation Development (ASX:GDG)
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