GIP signs up to buy 40% of Aboitiz InfraCapital

MANILA, Philippines — After about a year and a half of talks, Aboitiz Equity Ventures Inc. (AEV) has signed definitive agreements to sell a 40-percent stake in its infrastructure unit, Aboitiz InfraCapital, Inc. (AIC), to BlackRock-backed Global Infrastructure Partners (GIP) for P13.7 billion. In a disclosure on Friday, the parent firm said AEV and AIC