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Aboitiz Equity Ventures Inc. and Global Infrastructure Partners have finalized the agreement formalizing their strategic partnership in Aboitiz InfraCapital, Inc.
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Under the deal, GIP, a part of multinational investment firm BlackRock, will acquire a 40% stake in AIC through a P13.7 billion investment
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AEV keeps a 60% controlling stake in AIC, which develops, operates, and manages investments in critical infrastructure across airports, water and wastewater, and digital infrastructure
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Among AIC’s ventures are the Mactan-Cebu International Airport, Panglao airport in Bohol, and the Laguindingan airport in northern Mindanao
Aboitiz Equity Ventures Inc. (AEV) and Global Infrastructure Partners (GIP) have finalized the agreement formalizing their strategic partnership in Aboitiz InfraCapital, Inc. (AIC).
Under the deal, GIP, a part of multinational investment firm BlackRock, will acquire a 40% stake in AIC with a total investment of P13.7 billion through a combination of a secondary share purchase from AEV and a primary share subscription in AIC.
“GIP brings deep global expertise across energy, transport, digital infrastructure, and utilities, which will strengthen AIC’s ability to scale, deliver faster, and create long-term value,” Aboitiz Group CEO Sabin Aboitiz said in a statement.
AEV will retain a 60% controlling interest in AIC, which develops, operates, and manages investments in critical infrastructure across airports, water and wastewater, and digital infrastructure, providing platform governance and shared services across its portfolio.
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Among AIC’s ventures are the Mactan-Cebu International Airport, Panglao International Airport in Bohol, and the Laguindingan International Airport in Misamis Oriental, Northern Mindanao.
“We are very pleased to partner with Aboitiz InfraCapital as we work together to help accelerate infrastructure development in the Philippines,” said Ray Nadarajah, Emerging Markets partner at GIP.
“This collaboration reflects our shared commitment to supporting long-term, sustainable growth across the country. By combining our global investment capabilities with Aboitiz’s deep local expertise, we aim to help deliver essential infrastructure that strengthens communities, drives economic progress and creates lasting value,” Nadarajah said.
The parties signed the Share Subscription and Purchase Agreement and Shareholders’ Agreement covering GIP’s investment in AIC.
The transaction is still subject to the satisfaction of customary closing conditions and the receipt of required regulatory approvals.
AEV initially disclosed the talks with GIP in July 2025.
