New York-based Global Infrastructure Partners (GIP) is in talks to acquire a 40% stake in Aboitiz InfraCapital (AIC), the infrastructure arm of Philippine conglomerate Aboitiz Group.
In a stock market disclosure, Aboitiz Group said the acquisition forms part of the strategic partnership being finalised between GIP and Aboitiz Equity Ventures in the infrastructure sector.
The planned transaction, subject to due diligence and regulatory approvals, will be one of the largest foreign equity investments in Philippine infrastructure in recent years. Financial details were not disclosed.
The partnership was discussed in a high-level meeting in the US with President Ferdinand R. Marcos Jr., Aboitiz Group president and Chief Executive Officer (CEO) Sabin M. Aboitiz, and Bayo Ogunlesi, GIP chairman and CEO, per the disclosure.
“This collaboration marks a strong vote of confidence in the Philippines’ future. With global partners like GIP working alongside respected Filipino firms such as Aboitiz, we can build infrastructure that is more resilient, inclusive, and forward-looking,” Marcos said during the meeting.
AIC owns and operates assets in airports, water, economic estates, and telecommunications infrastructure.
Its portfolio includes the Mactan-Cebu International Airport (MCIA), Laguindingan International Airport, and Bohol-Panglao International Airport. The firm also has holdings in bulk water supply projects, industrial estates, and telecom towers.
“We are honoured to explore this opportunity with Global Infrastructure Partners. Our shared vision of modern, world-class infrastructure aligns with the country’s ambitions for progress,” said Aboitiz.
MCIA was recently named Asia-Pacific’s Best Airport in the 5 to 15 Million Passengers Per Annum category by Airports Council International and ranked seventh in Skytrax’s 2025 list of Most Improved Airports globally.
AIC’s portfolio in Cebu also includes two industrial estates: the 63-hectare MEZ2 Estate in Lapu-Lapu City and the 540-hectare West Cebu Estate (WCE) in Balamban, home to shipbuilding and heavy industries.
MEZ2 Estate hosts 44 locators with a workforce of 14,000, while WCE accommodates 17 global firms employing over 14,000 skilled workers.
GIP’s Ogunlesi said the firm welcomed the opportunity to partner with the Aboitiz Group, noting that the Philippines offered strong growth prospects that could be further advanced through the development of world-class infrastructure.
“We look forward to working with our partners at Aboitiz Group to leverage our combined capabilities to deliver best-in-class infrastructure services to the people of the Philippines,” Ogunlesi said.
GIP specialises in investing in, owning, and operating some of the largest and most complex assets across the energy, transport, digital infrastructure, and water and waste management sectors.
Its scaled platform has over $183 billion in assets under management.
In Asia, its portfolio includes India-based independent telecom tower company Ascend Telecom Infrastructure Limited; liquid storage services provider East India Petroleum; offshore wind developer and operator Skyborn Renewables; and renewable energy power producer Vena Energy.
It closed its debut emerging markets infrastructure fund with an aggregate capital commitment of over $2.1 billion last year. BlackRock also agreed to buy GIP for over $12.5 billion in cash and stock last year.
