BlackRock Paris Office Under Attack

BlackRock
  • French protestors invaded the Paris BlackRock office.
  • BlackRock suffers the harm to be the biggest asset manager.

BlackRock, the worldwide investment firm’s France office, was invaded through the French protestors. Recent internal conflicts in France are intensifying in Paris. It is because dissatisfaction using the government’s new decision one of the workers is resulting in new riots despite 11 days. 

Emmanuel Macron, the president’s announcement of the rise in the pension age from 62 to 64 years, may be the primary reason for that strike. Citizens aren’t pleased with this since the pension funds in america are addressed by private companies.

Among the protesters states:

“The government really wants to discard pensions, it really wants to pressure individuals to fund their very own retirement with private pension funds, what we all know is the fact that just the wealthy can take advantage of this type of setup.”

Why Attack BlackRock?

Although the global asset manager does not have any direct connection with this decision from the French government, the ultimate control over the pension fund is going to be at the disposal of BlackRock. According to CompaniesMarketCap data, those are the largest asset manager on the planet with $7.4 billion in assets.  

So, on Thursday, countless protestors encircled the Centorial building near Paris‘ Grand Boulevards area. They transported smoke bombs, flares, and chanted slogans to demonstrate the protest.

The federal government has guaranteed to use 11,500 additional police force officials to create the problem in check.

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