MANILA, Philippines — Global Infrastructure Partners, a leading investor under BlackRock, is finalizing a strategic partnership with Aboitiz Equity Ventures Inc., which will give the Philippines’ infrastructure sector a boost.
In a statement on Thursday, Aboitiz said that the deal included the planned acquisition by Global Infrastructure of a 40 percent stake in Aboitiz InfraCapital .“This collaboration marks a strong vote of confidence in the Philippines’ future,' President Ferdinand Marcos Jr. said, who met Aboitiz Group President and CEO Sabin Aboitiz and Global Infrastructure Chairman and CEO Bayo Ogunlesi in a high-level meeting in the US.
The transaction, once completed, will represent one of the most significant foreign equity investments in Philippine infrastructure in recent years, reinforcing the country’s appeal as a key investment destination in Asia.“We are honored to explore this opportunity with Global Infrastructure Partners,' Aboitiz said.'Our shared vision of modern, world-class infrastructure aligns with the country’s ambitions for progress,” he added.
Infrastructure Set To Acquire 40% Stake In Aboitiz Infracapital
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