GIP to acquire 40% stake in Aboitiz InfraCapital

BlackRock unit Global Infrastructure Partners (GIP) is set to acquire a 40% stake in Aboitiz InfraCapital (AIC), a deal described as one of the most significant foreign equity investments in Philippine infrastructure in recent years.

AIC manages a diverse portfolio of infrastructure assets, including the Mactan-Cebu International Airport, Bohol-Panglao International Airport, and Laguindingan International Airport, as well as investments in bulk-water supply, economic zones, and telecommunication towers.

The finalization of the partnership is subject to definitive documentation, due diligence, and relevant approvals.

The development follows a meeting between Philippine President Ferdinand R. Marcos Jr., Aboitiz Group CEO Sabin M. Aboitiz, and GIP Chairman and CEO Bayo Ogunlesi in the United States.

President Marcos Jr. described the potential partnership as a strong vote of confidence in the Philippines' future, emphasizing that global partners like GIP working with Filipino firms can build more resilient and forward-looking infrastructure.

GIP, which is part of BlackRock, manages over $183 billion in assets worldwide across energy, transport, digital infrastructure, and water and waste management.