UDENNA Corp., powerful determine and majority stockholder of Phoenix Petroleum Philippines Inc. (PNX), stated over the weekend that it has finished its acquisition of a sizeable stake in 2Go Group, a main integrated transport answers company within the country.
Udenna made the acquisition thru a corporation that indirectly holds a substantial stake in home transport line Negros Navigation Co., Inc. (NNC), which in flip is a main shareholder of the 2Go Group.
“2Go’s increase has been consistent over the last couple of years, making it an appealing long-term assignment for us,” said Dennis A. Uy, who owns and controls Udenna.
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