The Aboitiz Group expects to soon close its P13.7-billion infrastructure deal with Global Infrastructure Partners (GIP), a unit of BlackRock, as the group moves to bring a major global investor into its infrastructure business.
“And soon, Mr. President, GIP and BlackRock will close our deal with them. We’re getting there,” Aboitiz Group President and Chief Executive Officer Sabin Aboitiz said during the first anniversary celebration of the Global Technical Center of Excellence at LIMA Estate.
Aboitiz said the deal had been in the works for more than a year, recalling discussions with President Ferdinand Marcos Jr. during a breakfast at Blair House in Washington.
“You may remember we first talked about this over breakfast at Blair House in Washington a year ago,” he said.
Under agreements signed in December 2025, GIP will invest P13.7 billion through a secondary share purchase from Aboitiz Equity Ventures Inc. (AEV) and a primary subscription in Aboitiz InfraCapital Inc. (AIC).
GIP will own 40 percent of AIC after closing, while AEV will retain a controlling 60-percent stake.
The Philippine Competition Commission approved the transaction in June, clearing a major regulatory hurdle. AEV said the parties were completing the remaining conditions for closing.
The deal will give AIC access to GIP’s global infrastructure expertise and capital as it expands in airports, water, digital infrastructure, and other critical assets.
For Aboitiz, the investment provides fresh institutional capital for AIC’s expansion while giving GIP a sizeable foothold in Philippine infrastructure.
The transaction also underscores the growing role of foreign institutional investors in funding the country’s infrastructure build-out as demand for airports, water systems, and digital facilities grows.
