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