ABOITIZ InfraCapital Inc. (AIC) has entered into an agreement with Megawide Construction Corp. (Megawide) and GMR Airports International BV (GAIBV) for the former to acquire shares in GMR Megawide Cebu Airport Corp. (GMCAC), the developer and operator of the award-winning Mactan Cebu International Airport (MCIA).

After months of deliberations, Megawide and GAIBV are bringing Aboitiz into GMCAC as a strong and reputable investor with deep roots in Cebu. This agreement hopes to propel MCIA to the next level and establish its status as the Philippines' premier international airport.