Aboitiz Group to acquire stake in Mactan-Cebu International Airport

Filipino firm Aboitiz Group is near to closing a P25 billion ($447 million) deal to buy the Mactan-Cebu International Airport. The deal, which is expected to close over the next three months, has been approved by the seller (and operator) GMR Megawide Cebu Airport (GMCAC)’s shareholders...