Read this in The Manila Times digital edition.
ABOITIZ InfraCapital Inc. (AIC), the infrastructure arm of the Aboitiz Group, on Thursday assumed full ownership of Aboitiz GMR Megawide Cebu Airport Corp. (AGMCAC), the developer and operator of Mactan-Cebu International Airport (MCIA).
AIC completed the exchange of a previously issued P15.5 billion in notes from Megawide Construction Corp. and GMR Airports International B.V. (GAIVB) for the remaining 66 and two-thirds percent plus one share of AGMCAC's outstanding capital stock.
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