AEV inks deal to sell 40% of Aboitiz InfraCapital for P13.7B

MANILA, Philippines — Aboitiz Equity Ventures Inc. (AEV) has signed definitive agreements to sell a 40-percent stake in its infrastructure arm, Aboitiz InfraCapital Inc. (AIC). The P13.7-billion deal is with BlackRock-backed Global Infrastructure Partners (GIP). In a disclosure on Monday, the parent firm said AEV and AIC executed a share subscription and purchase agreement with GIP EM Onyx Pte. Ltd.  This covers the sale of a 40-percent equity interest in AIC. The deal also includes a shareholders’ agreement that will take effect upon closing. READ: GIP of BlackRock in talks to acquire 40% of Aboitiz InfraCapital The agreement is that […]... Keep on reading: AEV inks deal to sell 40% of Aboitiz InfraCapital for P13.7B