◂ Announcements

Aug 3, 2017ACQUISITIONPampanga and Batangas, Philippines

Aboitiz InfraCapital acquires stakes in Balibago Waterworks and LiMA Water

Aboitiz InfraCapital secured an 11.14% stake in Balibago Waterworks System for about P275 million and acquired LiMA Water Corp. from affiliate Aboitiz Land, expanding its water services portfolio.

Value

$5.50M (275.0M PHP)

Status

Completed

Productswater supply serviceswastewater services

CompaniesAboitiz Equity Ventures Inc. partner Aboitiz InfraCapital acquirer Balibago Waterworks System target LiMA Water Corp. target Aboitiz Land partner

Sectors#Water Treatment Equipment

“These acquisitions will enable AIC to establish its position as a provider of water and wastewater-related services to residential, commercial and industrial customers.”bworldonline.com

1 source
bworldonline.comAEV transfers water investments to infra unit - BusinessWorld OnlineJino NicolasAug 3, 2017

Summarized from public sources; check the original articles before acting on it.

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