Philippines shipowner Dennis Uy has vowed to fight an anti-trust ruling voiding his takeover of ro-pax group 2Go.
ABS-CBN News reported that the deal was scrapped by the Philippine Competition Commission (PCC) for alleged non-disclosure to the antitrust body.
Uy's Udenna Corp and the seller, a Dutch company linked to KGLI-NM, which is a holding company of 2Go parent Negros Navigation, were fined PHP 19.6m