BlackRock’s GIP buys into Aboitiz Infra arm

Global Infrastructure Partners (GIP), part of BlackRock, will acquire a 40 percent stake in Aboitiz InfraCapital Inc. (AIC) through a P13.7-billion investment, bringing fresh capital and expertise to the Aboitiz Group’s infrastructure arm.

Aboitiz Equity Ventures Inc. (AEV) said Friday it has signed definitive agreements with GIP covering the investment in AIC, which develops and operates assets 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,” Aboitiz Group CEO Sabin M. Aboitiz said.

Under the Share Subscription and Purchase Agreement and Shareholders’ Agreement, GIP will invest a total of P 13.7 billion through a combination of a secondary share purchase from AEV and a primary share subscription in AIC.

Once completed, GIP will hold 40 percent of AIC, while AEV will retain a 60 percent controlling interest.

“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.” – Ray Nadarajah, Emerging Markets Partner at GIP.

Before the deal can be completed, the transaction remains subject to customary closing conditions and the receipt of required regulatory approvals.

AIC manages water, airport, and digital assets. Its holdings include the largest bulk water facility in Davao, Balibago Waterworks, Mactan-Cebu, Laguindingan, and Bohol-Panglao airports, and telecom towers through Unity Digital Infrastructure.