Philippines: Antitrust watchdog clears Udenna’s $120m takeover of 2GO shareholder

Udenna Corp's Dennis Uy

The Philippine Competition Commission (PCC) has finally approved Udenna Corp’s $120-million takeover of KGL Investment B.V. (KGLI-BV), a Dutch company that indirectly holds a minority stake in local logistics giant 2GO Group, three months after the antitrust watchdog blocked the deal.

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