Aboitiz Equity Ventures Inc. (AEV) has entered into a share subscription and purchase agreement (SSPA) with Global Infrastructure Partners (GIP), a leading global infrastructure investor and part of BlackRock, through GIP EM ONYX PTE. LTD. The agreement covers GIP’s acquisition of a 40% ownership interest in Aboitiz InfraCapital, Inc. (AIC), the infrastructure arm of the Aboitiz Group.
The transaction includes GIP’s subscription to and purchase of a total of 1,146,668,000 common shares and 1.4 billion redeemable preferred shares in AIC. The total cash consideration amounts to ₱13.7 billion, of which ₱4.64 billion will be infused directly into AIC, with the balance payable to AEV.
The investment will be settled through a one‑time lump‑sum payment upon closing, subject to customary conditions such as Philippine Competition Commission approval and the increase in AIC’s authorized capital stock.
Alongside the SSPA, AEV, AIC, and GIP have also executed a Shareholders’ Agreement (SHA) that will take effect upon closing. The SHA outlines the rights and obligations of the parties as shareholders of AIC and establishes the governance framework for the partnership moving forward.
GIP brings extensive global experience in infrastructure investments across transport, energy, water, and digital assets, with a strong focus on operational excellence, sustainability, and long‑term value creation. Its entry is expected to bolster AIC’s existing infrastructure platform by providing access to additional institutional expertise, best practices, and resources.
“This partnership marks a significant milestone in AIC’s growth journey,” AEV said in its disclosure. “GIP’s global track record and deep sector expertise will help accelerate the development of critical infrastructure in the Philippines, supporting our commitment to nation‑building and long‑term stakeholder value creation.”
The transaction aligns with AEV’s disciplined portfolio management strategy and its broader transformation into a “techglomerate”—a future‑ready conglomerate integrating technology, innovation, and sustainability across its businesses. The partial divestment of AIC allows AEV to unlock value while bringing in a strategic partner to support AIC’s long‑term expansion.
The AEV Board of Directors approved the transaction on December 15, 2025, following the completion of GIP’s due diligence and negotiations.
