Latham & Watkins has advised Global Infrastructure Partners (GIP), a part of BlackRock, on a definitive agreement to acquire a 40% stake in Aboitiz InfraCapital (AIC).
GIP is expected to invest a total of PHP 13.7 billion through a combination of a secondary share purchase from AEV and a primary share subscription in AIC. Upon completion of the transaction, GIP is expected to hold 40% of AIC, while AEV will retain a 60% controlling interest.
The transaction remains subject to the satisfaction of customary closing conditions and the receipt of required regulatory approvals.
The Latham team was led by Singapore partner Sidharth Bhasin, with Singapore counsel Carolyn Wong, and associate Jonathan Wah.
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