The Philippines government has approved tycoon Dennis Uy's takeover of ro-pax group 2Go.
The competition commission (PCC) has okayed the acquisition by Uy's Udenna Corp of 100% of a company that has a stake in 2Go parent Negros Navigation (Nenaco).
The deal was halted in February and the companies fined PHP 19.6m ($0.37m) for finalising the transaction "without clearance from the antitrust commission," Business World reported.
