en.Wedoany.com Reported - The Philippine Competition Commission (PCC) has approved the sale of a 40% stake in infrastructure subsidiary Aboitiz InfraCapital, Inc. (AIC) by Aboitiz Equity Ventures Inc. (AEV) to Global Infrastructure Partners (GIP), through GIP EM Onyx Pte. Ltd. In a regulatory disclosure filing on June 11, AEV stated that it received the certificate of transaction approval from the PCC on the same day.

This approval stems from a share subscription and purchase agreement signed on December 23, 2025, among AEV, AIC, and GIP. Under the agreement, GIP, which is affiliated with multinational investment firm BlackRock, will invest a total of PHP 13.7 billion to acquire a 40% stake in AIC through a combination of purchasing secondary shares from AEV and subscribing to primary shares in AIC. AEV stated that the transaction aims to introduce a strategic investor to AIC. GIP has deep global experience in infrastructure investments across transportation, energy, water, and digital assets, with a strong focus on operational excellence, sustainability, and long-term value creation.

GIP's involvement will support AIC's existing infrastructure platform and provide additional institutional expertise, best practices, and resources. The transaction also aligns with AEV's disciplined portfolio management strategy and its goal of fully transforming into a techglomerate, while promoting inclusive growth and long-term stakeholder value. Upon completion of the transaction, AEV will retain a controlling 60% stake in AIC.

AIC is responsible for developing, operating, and managing investments in key infrastructure sectors, including airports, water and wastewater treatment, and digital infrastructure, while providing platform governance and shared services for its portfolio. Its projects include Mactan-Cebu International Airport, Panglao International Airport in Bohol, and Laguindingan International Airport in Misamis Oriental, Northern Mindanao.

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