Ed Saavedra and Indian partner relinquishing Cebu airport JV to Aboitiz family for P25B

Megawide Construction Corp. of bilyonaryo Ed Saavedra and India’s GMR Airports International BV (GAIBV) are divesting their shares in the company that operates the Mactan Cebu International Airport Corp. (MCIA) to the infrastructure arm of the Aboitiz family for P25 billion. Based on a regulatory filing, Megawide and GAIBV agreed to unload their entire holdings […]