PCC Approves BlackRock Unit's 40% Stake in Aboitiz InfraCapital
The Philippine Competition Commission (PCC) has approved the acquisition of a 40 percent stake in Aboitiz InfraCapital (AIC) by Global Infrastructure Partners (GIP), a unit of BlackRock, for P13.7 billion. This move is expected to accelerate infrastructure development in the Philippines by bringing in international expertise and capital.
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