The Philippines' Securities and Exchange Commission (SEC) has approved a merger between ro-ro and ro-pax owner 2Go and its parent Negros Navigation (Nenaco).
2Go said in a filing: “For purposes of the good order, the effective date of the merger is January 1, 2019.”
A deal was announced in April through a share swap, with the 2Go name surviving.
“The merger will simplify the corporate structure and develop efficiencies and economies within the 2GO Group," 2Go added.
