# 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.

- Type: Acquisition
- Announced: 2017-08-03
- Where: Pampanga and Batangas, Philippines
- Value: $5.50M (275.0M PHP)
- Status: completed
- Products: water supply services, wastewater services
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Aboitiz Equity Ventures Inc.](https://endata.com/companies/15774.md) (partner)
- [Aboitiz InfraCapital](https://endata.com/companies/24293.md) (acquirer)
- [Balibago Waterworks System](https://endata.com/companies/26053.md) (target)
- [LiMA Water Corp.](https://endata.com/companies/26054.md) (target)
- [Aboitiz Land](https://endata.com/companies/26055.md) (partner)

## Sources

- [bworldonline.com](https://bworldonline.com/corporate/2017/08/04/22478/aev-transfers-water-investments-infra-unit/), 2017-08-03: "These acquisitions will enable AIC to establish its position as a provider of water and wastewater-related services to residential, commercial and industrial customers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.