PCC OKs BlackRock’s 40% stake in Aboitiz InfraCapital

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June 12, 2026 | 12:00am

MANILA, Philippines —  Global Infrastructure Partners (GIP)’s acquisition of a 40-percent stake in Aboitiz InfraCapital Inc. (AIC) for P13.7 billion has been cleared by the Philippine Competition Commission (PCC).

Aboitiz Equity Ventures Inc. (AEV) said it received a certificate yesterday from the PCC, clearing the transaction.

The receipt of the PCC clearance is one of the conditions precedent to the transaction, resulting in a partial divestment of a minority interest of AEV in AIC

GIP, a part of BlackRock, will hold 40 percent of AIC, while AEV will retain a 60-percent controlling interest upon completion of the transaction.

The transaction is seen bringing in a strategic investor in AIC, with GIP providing deep global experience in infrastructure investing across transport, energy, water and digital assets, with a strong focus on operational excellence, sustainability and long-term value creation.

GIP’s entry will support AIC’s existing infrastructure platform and provide access to additional institutional expertise, best practices and resources.

AEV said the transaction supports the group’s disciplined portfolio management approach and its broader transformation into a techglomerate, while driving inclusive growth and long-term stakeholder value.

AIC is the infrastructure arm of AEV.

The company holds a diversified portfolio of infrastructure-related investments in the country, including airport operations, bulk water distribution and telecommunications towers.hggggy6tttttttttyy