Corporate

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.

Metro Pacific Agro Ventures (MPAV), a wholly-owned subsidiary of Metro Pacific Investments Corp. (MPIC), announced plans on Thursday to acquire the Franklin Baker Group of Companies, which will significantly expand its industry footprint and reinforce its leadership in the country's food-grade coconut export sector.

Phinma Education Holdings Inc., a subsidiary of Phinma Corp., reported an 11 percent surge in student enrollment this academic year, reaching 163,000 students—up from 146,474. The increase solidifies its position as Southeast Asia’s largest private education network focused on underserved communities.

San Miguel Corp. (SMC), one of the Philippines’ largest conglomerates, announced that its power unit, San Miguel Global Power Holdings Corp., has finally acquired a long-contested 3.9 percent stake in Manila Electric Co. (Meralco), nearly two decades after first attempting the deal.

DigiPlus Interactive Corp. has appealed to legislators for a fair and rational approach in assessing the online gaming industry, stressing the need to distinguish between legal operators and illicit activities.