Aboitiz family gears up for major infra projects
The Aboitiz group has established a new subsidiary called Aboitiz InfraCapital, reflecting its bullishness on infrastructure development.
A bulk water concession in Davao will be Aboitiz InfraCapital’s first project, Inquirer?s Biz Buzz said.
The new subsidiary, organized in January, will be the company?s fifth leg following its investments in banking, food, property and power.
The Cebu-based Aboitiz clan is currently in search for a new foreign partner to bid for local airport projects after the withdrawal of France?s Vinci Airports.