Deal Pipeline

The deal pipeline tracks 119 deals worldwide, spanning more than 57 countries and 237 airports.

Origin Country
Philippines

airport deal

Philippines – Mactan Cebu

Operator // GMR-Megawide Cebu Airport Corporation

Overview

Overview

On Sept 2 2022, Megawide Construction Corp. (MCC) and joint venture partner GMR Airports International BV (GAIBV) executed a Share Subscription and Transfer Agreement with Aboitiz InfraCapital Inc. for the latter to acquire shares in MCIA,  GMCAC said in a disclosure to the Philippine Stock Exchange on September 2, 2022. Both companies agreed to issue primary shares and the transfer of secondary shares in GMCAC to Aboitiz Infra for a total amount of PHP9.47bn. The transaction will result in Aboitiz Infra owning 33.33% minus one share of the outstanding capital stock of GMCAC. At the same time, Megawide and GAIBV will issue Exchangeable Notes for the aggregate amount of PHP15.53bn which will mature on October 30, 2024. The notes will be exchanged by Aboitiz Infra for the remaining 66.66% and one share of GMCAC’s outstanding capital stock.

 

12,662,055

Passengers

Airport Details
107,794

Movements

Airport Details
76,570

Cargo (tonnes)

Airport Details

Included Airports

Airports

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Philippines

1 airport

Transaction Stage

Stage

Deal has been archived

Deal transaction stage will no longer be updated when a deal has been marked as archived.

Stage 1 — Pending

Deal Structuring & Market Sounding

Initial process by government/grantor or private owner of shares to structure the transaction and/or sounding potential market interest in the opportunity.

Stage 2 — Pending

Due Diligence & Bid/Offer Development

Investor/operator evaluation for the deal/opportunity and/or business case and financial model development to support commercial bid/offer.

Stage 3 — Pending

Award, Financial Close & Transfer

Award of deal by government/grantor, or acceptance of offer from private owner of shares, followed by completion of financing conditions and, ultimately, granting of concession and/or transfer of shares.

Deal Information

Information

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