AEV finalizes GIP deal for 40% InfraCapital stake

Aboitiz Equity Ventures (AEV) is finalizing a strategic partnership with Global Infrastructure Partners (GIP), a US-based infrastructure fund manager owned by BlackRock, for GIP to acquire a 40% stake in Aboitiz InfraCapital Inc., an infrastructure subsidiary of the Aboitiz Group.

The potential deal was discussed during a high-level meeting between President Ferdinand Marcos Jr. and Aboitiz Group CEO Sabin M. Aboitiz with GIP Chairman Bayo Ogunlesi in the United States, emphasizing its significance for Philippine infrastructure development.

AEV described the collaboration as one of the largest foreign equity investments in recent years, highlighting GIP's expertise across energy, transport, digital infrastructure, and waste management, with over $183 billion in assets under management.

Aboitiz InfraCapital operates several airports including Mactan-Cebu International Airport, Laguindingan Airport, and Bohol-Panglao International Airport, as well as investments in water supply, economic estates, and telecommunications infrastructure.

Both companies expressed their shared vision of developing world-class infrastructure to support the Philippines' growth prospects.