A unit of BlackRock, through Global Infrastructure Partners (GIP), is poised to acquire a 40 percent stake in Aboitiz InfraCapital (AIC), the infrastructure arm of Aboitiz Equity Ventures Inc. (AEV), in what could be one of the most significant foreign equity investments in Philippine infrastructure in recent years.
The proposed deal, which remains subject to due diligence and regulatory approvals, marks the centerpiece of a developing strategic partnership between GIP and the Aboitiz Group. GIP, a global infrastructure investment platform with over US$183 billion in assets under management, is targeting the Philippines as part of its broader push into high-growth emerging markets.
AIC holds a diverse infrastructure portfolio including major airport assets—Mactan-Cebu, Laguindingan, and Bohol-Panglao—as well as investments in bulk water supply, telecom towers, and economic estates. The proposed acquisition signals growing global investor confidence in the country’s infrastructure sector and broader economic outlook.
In a high-level meeting in the U.S., President Ferdinand R. Marcos Jr., Aboitiz Group CEO Sabin M. Aboitiz, and GIP chairman and CEO Bayo Ogunlesi discussed the partnership’s potential impact. President Marcos hailed it as a “strong vote of confidence in the Philippines’ future,” while Ogunlesi emphasized GIP’s commitment to delivering “world-class infrastructure” in the country.
AEV, the publicly listed holding firm of the Aboitiz Group, maintains a diversified portfolio across power, banking, food, land, and innovation sectors. The planned transaction reinforces AEV’s long-term growth strategy while advancing its role in the nation’s development.
Formal agreement terms and final approvals are expected in the coming months.
