Aboitiz Equity Ventures Inc. (AEV) and Global Infrastructure Partners (GIP), a unit of BlackRock, have sealed definitive agreements formalizing their strategic partnership in Aboitiz InfraCapital, Inc. (AIC), marking one of the largest recent foreign investments in Philippine infrastructure.
The deal cements GIP’s entry into AIC, the Aboitiz Group’s infrastructure arm that develops, operates, and manages assets across airports, water and wastewater, and digital infrastructure, while providing centralized governance and shared services across its portfolio.
Under the Share Subscription and Purchase Agreement and the Shareholders’ Agreement, GIP is set to invest a total of P13.7 billion through a mix of secondary share purchases from AEV and a primary share subscription in AIC. Once completed, GIP will own a 40 percent stake in AIC, with AEV retaining a 60 percent controlling interest.
“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,” said Sabin M. Aboitiz, president and chief executive officer of the Aboitiz Group.
Ray Nadarajah, Emerging Markets Partner at Global Infrastructure Partners, said the transaction reflects both companies’ long-term commitment to sustainable development in the Philippines.
“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,” he said.
The transaction remains subject to customary closing conditions and the receipt of regulatory approvals.
The partnership builds on a disclosure made in July 2025 and signals strong foreign investor confidence in the Philippine infrastructure sector. It also supports AIC’s expansion plans as it scales its diversified portfolio amid rising demand for reliable transport, utilities, and digital connectivity.
The deal comes as the Philippine government continues to push large-scale infrastructure development to underpin economic growth and long-term competitiveness. With global capital increasingly selective, the AEV-GIP partnership positions Aboitiz InfraCapital as a key platform for channeling long-term foreign investment into critical national infrastructure.
