UMVA has learned that a landmark deal is reshaping the Philippine infrastructure landscape, as GIP EM ONYX PTE. LTD., an affiliate of Global Infrastructure Partners, secures a 40% stake in Aboitiz InfraCapital.
The Competition Commission’s green light clears the final hurdle, allowing the transaction to move toward completion. Both parties are now racing to satisfy the remaining closing conditions.
Signed in December, the subscription and purchase agreement binds Aboitiz Equity Ventures, its infra‑capital arm, and GIP in a cash‑heavy exchange valued at roughly P13.71 billion.
Under the terms, P4.65 billion will flow directly into Aboitiz InfraCapital, bolstering its balance sheet, while the balance will be transferred to the parent company.
According to information obtained by UMVA, the partnership promises more than capital—it opens the door to GIP’s worldwide network and deep expertise in large‑scale projects.
GIP commands a portfolio exceeding $183 billion, spanning energy, transport, digital infrastructure and water, with marquee assets like London Gatwick Airport and Australia’s Port of Melbourne.
The backing of BlackRock, the planet’s largest asset manager, further amplifies GIP’s strategic clout, positioning the new alliance for ambitious growth.
Market reaction was swift, as Aboitiz Equity Ventures’ shares slipped half a peso, closing at P31.50 each, reflecting investor caution amid the unfolding transformation.
