BlackRock to raise up to $2.5 billion for toxic assets
Asset manager BlackRock Inc
That would be up to five times the minimum investment required under the Treasury Department's Legacy Securities Public-Private Investment Program.
BlackRock spokeswoman Bobbi Collins said the firm will raise the money through financing and private capital, and expects the government to match a similar amount.
(Reporting by Ross Kerber; editing by Andre Grenon)
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