Aboitiz Equity to sell 40% stake in Aboitiz InfraCapital to Global Infrastructure Partners

Conglomerate Aboitiz Equity Ventures Inc. (AEV) has signed investment deals with American investment fund Global Infrastructure Partners (GIP) to sell 40% of Aboitiz InfraCapital Inc. (AIC).

In a statement on Friday, AEV said it inked Share Subscription and Purchase Agreement and Shareholders’ Agreement for GIP’s investment of P13.7 billion in AIC.

Under the deals, GIP, a part of American multinational investment firm BlackRock, will eventually acquire 40% of AIC through a combination of a secondary share purchase from AEV and a primary share subscription in AIC. 

Upon completion of the transactions, AEV will retain a 60% controlling interest in AIC.

AEV said the investment deals with GIP remain subject to the satisfaction of customary closing conditions and the receipt of required regulatory approvals.

AIC is the infrastructure arm of the Aboitiz Group. It develops, operates, and manages investments in critical infrastructure across airports, water and wastewater, and digital infrastructure.

“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,” said Sabin Aboitiz, Aboitiz Group CEO.

AEV said the partnership reflects strong confidence in the Philippine infrastructure sector, supporting the continued growth and long-term development of AIC's diversified infrastructure portfolio.

“We are very pleased to partner with Aboitiz InfraCapital as we work together to help accelerate infrastructure development in the Philippines. 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,” said Ray Nadarajah, Emerging Markets Partner at Global Infrastructure Partners (GIP).

AIC’s infrastructure portfolio includes the Mactan-Cebu International Airport, Bohol-Panglao International, and Laguindingan International Airport. —VAL, GMA Integrated News