MANILA, Philippines — The Udenna Group’s acquisition of logistics giant 2GO Group has been recognized by the Hong Kong-based The Asset Publishing and Research Ltd. as the best merger and acquisition (M&A) deal in the Philippines. Davao-based businessman Dennis Uy’s Udenna Group acquired a 28.15 percent indirect economic interest in 2GO last year. Tamano said Udenna saw the potential of 2GO in creating synergies with its oil and gas, real estate and hospitality businesses, among others. He said the acquisition was made more attractive because of the opportunity it presented to the Udenna Group to help the economy move forward. Business ( Article MRec ), pagematch: 1, sectionmatch: 1With the deal, Udenna’s Chelsea Logistics now has 26 operating vessels that allow it to transport people to more locations as Philippine tourism booms.

Source: Philippine Star January 26, 2018 16:34 UTC