News
05 December 2022

Aboitiz Group to acquire stake in Mactan-Cebu International Airport

In:
Infrastructure
Region:
Asia-Pacific
By Max Thompson

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...

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