There's been report a couple of years ago that Blackrock was in cahoot with the french government to privatize part of the pension system during the previous pension reform plan.

The plan was met with strong opposition and was cancelled following COVID. The current plan is quite different and probably not really what Blackrock had in mind initially.

Keep in mind that reliable polls for weeks now has shown that a vast majority of the population opposes the law. What we see here is just the radicalization of the movement following the complete isolation of the government who has refused to discuss the current plan with the unions (labor or business) as it is usually done in France. It was predictable and I fear it could get much worst.